Concerns Regarding Regulation W: A Letter to Congressman Schwabe, 1946-11-20

The letter is from A.L. Warren, Secretary to Congressman George B. Schwabe, responding to a letter from Mr. Fred C. Hopkins regarding Regulation W. Warren explains that the regulation has been revised, eliminating controls on single payment loans and reducing the list of regulated items. He promises to send Hopkins a copy of the new revision and list of regulated items once received. Warren also mentions that Congressman Schwabe will address the issue upon his return to Washington and assures Hopkins that the Congressman will take action in the best interest of his constituents. Hopkins had also written about his concerns regarding the Federal Reserve Board and Regulation W, expressing his belief that the regulation is unfair and harmful to consumers. Hopkins gives an example of a situation where he lost business due to the regulation. He urges for a change in the regulation and asks for support from Congressman Schwabe.