The Constitution dictates that the place to debate whether payday lending or any other lawful business should be allowed to operate and have access to the banking system is in the halls of Congress and the State legislatures.
Emphasis on legislative debate over banking access for lawful businesses.
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What you are saying is that when you raise taxes, to the extent that the individual or small business cannot even pay it, it will force them out of business.
This has to stop. ... It is going to be a direct cost to the consumers, and it is going to hurt the small banks especially.
The American people, I think you can trust them with their own money. Remember, it is their money by the way.
It seems to me that you need a tiered system here. If you have a small business, you need to have a different set of rules that you have to comply with versus the big guys.
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