Bankers are concerned about a prohibition on "abusive" products within the Dodd-Frank Act they say could be interpreted to ban almost anything regulators don't like. "We think the addition of abusive to the standard in the CFPB provisions" is "the most egregious" part of Dodd-Frank," said Richard Hunt, president of the Consumer Bankers Association. "This is the primary example of how this legislation will stifle innovation." He said the word "abusive" brings too much uncertainty into the regulatory process. "The addition of abusive is akin to changing the speed limit every day," Hunt said.
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