Spencer Bachus: “The way consumers pay for products and services is dramatically changing.”

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.

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…

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