Spencer Bachus: “Unfortunately, the CFPB is designed in a way to avoid critical oversight and accountability.”

In a perfect world, there will be no payday lenders.

Those left on the short end can often be the people who have the greatest difficulty in getting any credit at all.

If you are imposing costs on the system, you should have to internalize them.

Again, I thank the chairmen, the ranking members, and their staff for putting this together. The resolution process for financial institutions is one of the pieces of unfinished business from the 2008 financial crisis, and we will finish…