When you give us assurances that you are not going to use this information, like personally identifiable information, all we really have to go on is that in the Federal Register, your agency has asked permission to collect all this information.
Bachus questions Cordray about the collection of personal information by his agency.
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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.
Thank you. Mr. Chairman, I yield the balance of my time to the gentlewoman from Alabama (Ms. Sewell).
In this economy, the last thing we need is to make it harder for businesses to operate and employ workers, and by that I mean legitimate businesses.
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.
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