Spencer Bachus: “As I said, in closing, I want to thank Chairman Frank of the full committee for his willingness to allow this unanimous…”

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

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

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

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…