07/23/2013
https://www.congress.gov...
"the data here show that regulators have no credibility on mergers, and sure, there are rules under which you review mergers, but in practice, for 15 years now, this has turned into a check-the-box exe..."
"We cannot leave consumers to fend for themselves on a level playing field that is making it even easier for scammers and fraudsters to use these apps to do harm."
"Merger review has become the definition of a rubber stamp, and the banks know it."
"Our regulators have a job to do, and it is our job here in Congress to make sure that they do it."