Don’t forget to throw in the student loan aspect. The Government defining the scope of private bank’s loans and that they CANNOT issue loans to students. Socialism 101.
i’m not positive they made private loans illegal, they just won’t be government-backed anymore.
I don’t think they could have changed bank regulations to prohibit private lending in a reconciliation bill. A year abo I also would have said that no way would our congress think they had a right to prevent private business transactions between consenting adults like that, but now I can’t say that any more.