Political Quotes

Spencer Bachus: “But in fact in 4 it says, documents sufficient to identify payment processors or merchants or clients that experienced a…”

On the recordJuly 16, 2014
But in fact in 4 it says, documents sufficient to identify payment processors or merchants or clients that experienced a return rate of 3 percent or greater in any 1-month period.
Said by
Spencer Bachus
Alabama

Editor's note · Context

Bachus highlights concerns over the low threshold for identifying high-risk businesses.

Share

More from Spencer Bachus

Jul 16, 2014

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

congress.gov
Dec 1, 2014

I think maybe listening to everyone on the panel, I think, and most of the Members on the dais, we all agree that our country, its citizens, and even our immigrants need comprehensive immigration reform.

congress.gov
Dec 1, 2014

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…

govinfo.gov
Jul 16, 2014

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

congress.gov

Other voices in this conversation