03/21/2023
https://www.congress.gov...
"It is outrageous that millions of Americans, lower-income Americans, are losing billions of dollars in the form of late fees."
"The way to go here is not through, in my view, a private sector structure but through the Federal Reserve and the FedNow system."
"Isn't reputational risk something that a reasonable investor might consider?"
"I intend to work with you to close those loopholes."