Political Quotes

“I thank Ranking Member Waters for her leadership, under which we have advocated to create an economy that works for all people, not just Elon Musk and wealthy billionaires. That is why I oppose this measure to overturn the Consumer Financial Protection--emphasis on ``Protection''--Bureau rule that caps overdraft fees by banks at $5. The work of CFPB has been cost-saving and life-changing, but this resolution would undo that progress. Whether it is an elder whose Social Security check was delayed into her direct deposit, likely because of Trump's mass firings, or the young college student who makes the innocent mistake of confusing a savings and checking account, anyone can be affected by unnecessary junk fees. Let's be honest, it is our most vulnerable who will bear the brunt of the harm. For the single parent who has to pay bills today with money that is coming tomorrow, overdrafting may be their only option. The exorbitant fees, sometimes $35 for every overdraft, would further push them into debt. It is a shame the Republicans are attacking poor people just to help greedy bank CEOs get richer, the shame and the sham of it all. I oppose this resolution and encourage everyone to stand with working people who are struggling to make every single dollar stretch. The SPEAKER pro tempore. The time of the gentlewoman has expired.”