Spencer Bachus: “Many people--my constituents and others--get calls from card servicers, which are--it is a fraudulent enterprise, I…”

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

The program also can deny legitimate merchants access to financial networks they need to survive.

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

If you are imposing costs on the system, you should have to internalize them.