Christopher Dodd actually said...

"That is not a deterrent. That is not a service. That is a debt trap."

"That's why I introduced--The Fairness and Accountability in Receiving Overdraft Coverage Act."

"We also urge the Senate to enact Senator Dodd's legislation to create the Consumer Financial Protection Agency."

"For too long, credit card companies made profits by charging consumers outrageous fees, or raising rates whenever they felt like it."