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

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.

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

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

In this economy, the last thing we need is to make it harder for businesses to operate and employ workers, and by that I mean legitimate businesses.

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

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

Consumer fraud is real. Go after that, not after an archery store.

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.

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

I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill (before the short title), insert the following: Sec. __. None of the funds made…

This is a very straightforward amendment, which I am joined by my colleague, Ms. Terri Sewell, in offering. The chief judge of the Northern District of Alabama, Karon Bowdre, and the U.S. marshal who was appointed under the previous…