Political Quotes

“I first would like to introduce into the Record, speaking of Toyota, a letter dated July 14, to myself and to Mr. Barr; a letter from the Financial Services Roundtable dated July 29, 2014; a letter from Honda dated July 15; a letter from the Conference of State Bank Supervisors dated July 15; and a letter from the American Financial Services Association dated July 25. Toyota Motor North America, Inc., Washington, DC, July 14, 2014. Hon. Ed Perlmutter, Longworth House Office Building, Washington, DC. Hon. Andy Barr, Longworth House Office Building, Washington, DC. Dear Congressmen Perlmutter and Barr: On behalf of the over 30,000 Toyota Team members in the U.S., thank you for introducing H.R. 5062, the Examination and Supervisory Privilege Parity Act of 2014. We appreciate your commitment to common sense regulatory reform. Consumer access to finance is the life blood of new car sales. To maintain competitiveness, automobile manufacturers must have a strong vehicle finance division. These ``captive finance companies'', like Toyota Financial Services, provide tailored financing options to our customers, whether they be individual consumers or franchised dealers. As a captive, Toyota Financial Services exist solely to support the auto manufacturer in selling vehicles and are designed to maintain a long-term, positive, customer relationship with the consumer.…”