The law was not intended to hinder the ability of American businesses to utilize the capital markets or to unduly hamper the ability of consumers and businesses to obtain credit, create jobs, mitigate risk, and thrive.
Bachus defends Dodd-Frank's intent against claims of negative economic impact.
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But in fact in 4 it says, documents sufficient to identify payment processors or merchants or clients that experienced a return rate of 3 percent or greater in any 1-month period.
If you are imposing costs on the system, you should have to internalize them.
Those left on the short end can often be the people who have the greatest difficulty in getting any credit at all.
However, my continued concern is that the program threatens to dry up legitimate sources of credit and financing.
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