Political Quotes

“I came here to compliment the two gentlemen who have spoken on this bill, who are the cosponsors of a bipartisan bill. When I first heard about this legislation, I thought, like most legislation this year, it won't go anywhere. I thought it may pass the House, but it may not pass the Senate. I understand that with this particular legislation, that our Senate colleagues are waiting for it and they're ready to act upon it. Mr. Scott brought up, I think, a salient point when he said that we're having many banks and credit unions who are struggling, because when people don't have jobs, they can't pay back their loans. Our banks and credit unions are trying to cope with the added expense of more regulation. Particularly at a time like that, but at any time, for people to take advantage of a statute that is intended to protect the American people is really audacity and greed in its purest sense. I'm an attorney, and I can tell you that 999 out of 1,000 attorneys or former attorneys would absolutely be enraged to find that very few of their colleagues are taking advantage of Regulation E and the Electronic Fund Transfer Act to sue these institutions on lawsuits that are totally against the public interest, and particularly are against the interests of those living in low-income areas and high-crime areas.…”