There is no doubt that we need a stronger, safer, and more inclusive financial system.

We need wholesale forgiveness, and we need it now. People have been cheated.

The biggest banks have too much power, present too many risks to financial stability, and have failed to serve Americans' needs.

We need more community banks that are actually in people's neighborhoods and that understand their lives.

There is no question that our financial system needs change--big, structural change--and we should be willing to consider how these new technologies can help consumers and our economy.

Regulators need to do their jobs and step in before it is too late.

Last month, I led 60 of my House and Senate colleagues in calling on President Biden to extend the payment pause at least until March 2022.

Senator Kennedy and I are from different parties, and we often hold different views, but we both believe in accountability.

Instead of leaving our financial system at the whims of giant banks, crypto puts the system at the whims of some shadowy, faceless group of super-coders and miners, which does not sound better to me.

So the cryptocurrency boosters argue that crypto is the Yellow Brick Road to a faster, cheaper, and safer financial system that works for everyone, not just for the biggest banks.

But the Federal Government, with PHEAA's help, has failed to keep our end of the bargain.