Bob Menendez actually said...

"Would a mandatory arbitration clause and a class action waiver... leave the borrower with no meaningful path to challenge a lender's actions?"

"Is it possible that a lender could game the transition away from LIBOR in a way that leads borrowers to face higher interest loans?"

"If the lender chooses a rate that causes a borrower's payment to become unaffordable, do many lenders offer flexible repayment options?"

"How can Congress and regulators ensure that lenders choose a replacement rate that is fairest to the borrower?"