Spencer Bachus: “I do commend the agencies for doing that.”

The program also can deny legitimate merchants access to financial networks they need to survive.

My Democratic colleagues have said they want to wrap this up. So let me just simply say to you that this is having the effect of shutting down these companies, whether that was intended or not.

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

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