Spencer Bachus: “I have long had a concern over the abdication by Congress of its constitutional duty to legislate.”

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

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

Does that make what the President did constitutional if it is unconstitutional?

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…