I want to introduce on the LIBOR issue, Ms. Waters--this is an article in Reuters I think from this morning or last night.
Editor's note · Context
Bachus references a recent article regarding issues with LIBOR to highlight regulatory failures.
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Those left on the short end can often be the people who have the greatest difficulty in getting any credit at all.
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.
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…
I want to commend the gentleman from Washington (Mr. Kilmer) for what I consider a straightforward, commonsense amendment. This is an amendment to the Fair and Accurate Credit Transaction Act, what we commonly call the FACT Act. The FACT…





