Spencer Bachus: “One of my top priorities in this Congress will be to do everything possible to reduce the regulatory burdens.”

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

However, my continued concern is that the program threatens to dry up legitimate sources of credit and financing.

Those left on the short end can often be the people who have the greatest difficulty in getting any credit at all.

The intent of Operation Choke Point may have carried a purpose that we would all agree with, and that is to prevent financial fraud.