On the recordJune 8, 2017
In this debate today, let's hear what a commissioner of banking from Arkansas says: ``I am writing in support of H.R. 10, the `Financial CHOICE Act of 2017.' As a State bank regulator, I have seen the huge burden Dodd- Frank Act of 2010 has placed on community banks. Since the financial crisis, several community banks in Arkansas have curtailed or discontinued lending activities--particularly, residential mortgages-- which has been detrimental to the consumers they serve.'' That is a compelling endorsement of this bill from a regulator, Mr. Chairman, not from a Member of Congress. And when you look at working families in Arkansas, recently I was told about an Army National Guard member from north Little Rock, in my district, who was informed that he would not receive a home to purchase a manufactured home that would have been twice as large and less expensive than the 60-year-old house he was renting for his family. Or a hairstylist from Nevada County, who I received a letter from. She and her husband, a welder, were denied a loan to purchase a new home, despite having verifiable income. That is why we need to repeal, replace, and pass the Financial CHOICE Act.
