Financial regulations imposed after the 2008 Wall Street crash are backfiring on consumers and pose a “compliance nightmare” for lenders.
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“What we have are policymakers on steroids,” U.S. Rep. Scott Garrett charged Tuesday.

“They have contempt for the public,” said the New Jersey Republican, who complained that the Federal Reserve Board has yet to provide an unredacted report of events leading up to the financial meltdown six years ago.