Political Quotes

“I am honored to follow my friend and colleague from New Jersey, whom I salute for his passion and his eloquence. And thank you to Senator Warren for her leadership in bringing us together today and to my colleagues who are rising today in opposition to S.J. Res. 18, which seeks to undo the Consumer Financial Protection Bureau's overdraft fee rule. Now let's be very clear: This overdraft rule never should have been necessary. If big banks were doing the right thing and playing fair with their customers, this rule would never have been necessary. Taking that fee from $35 to $5 simply reflects what the possible cost is of overdrafts rather than banks, in effect, making money on overdrafts, which are commonly the result of people not having enough money in their bank account. And that is commonly the result of people being poorer than they want to be. I suspect that most of this administration hasn't had an overdraft fee recently. I am guessing--I think it is an educated guess--that Elon Musk has not had an overdraft fee recently. Overdrafts hit people who are living paycheck to paycheck, people who are at the bottom rung of our economic order through no fault of their own--often the result of discrimination and denial of rights that others are fortunate to have.…”