Richard Shelby actually said...

While I believe that there are many credit card practices that need reforming, I also believe that regulators need to be especially careful ...

Limiting the ability of consumers of low and moderate means to obtain credit could have unfortunate consequences.

Regulators also need to make sure that they do not stifle innovation or unduly restrict consumer choice.

the financial system remains badly damaged, and the economy has deteriorated sharply as it has become clear that TARP is not the magic bulle...