Spencer Bachus: “We must encourage a return to market discipline.”

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

I think maybe listening to everyone on the panel, I think, and most of the Members on the dais, we all agree that our country, its citizens, and even our immigrants need comprehensive immigration reform.

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.

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