Richard Blumenthal actually said...

"These kinds of scams are a real scourge, not only on vulnerable populations, but on everyone."

"I appreciate that. And what would you say to people who might complain that it discourages unbanked or underbanked people from engaging in legitimate transfers?"

"Well, I think we are discouraging the fraudsters from engaging in transactions."

"your testimony in particular--really all of your testimony--calls attention to the need for prevention."