BOSTON (AP) — Massachusetts Democratic U.S. Rep. Barney Frank is faulting Republican presidential nominee Mitt Romney for pledging to repeal a major financial overhaul law that Frank helped shepherd through Congress.
Frank, who’s not seeking reelection, told the Democratic National Convention in Charlotte, N.C. on Thursday that Romney’s opposition to the law puts him on the fringes of the Republican party.
Frank said the law helps guarantee that banks can’t offer mortgages if they know potential homeowners can’t repay the loan.
Frank also criticized Romney for his opposition to the new Consumer Financial Protection Bureau, which was championed by Massachusetts Democratic U.S. Senate hopeful Elizabeth Warren.
Frank also said Romney fails to mention the hundreds of millions of dollars in higher fees he backed as governor, including a new $10 fee for a certificate of blindness.