Robert Menendez actually said...

"I have been a strong supporter of the credit unions, but I think there are some serious questions here."

"What about the fact that credit unions by their nature are tax exempt and obviously do not live within all of the regulatory requirements?"

"So then on the two questions, you are saying that if we were to do this, you are not concerned about consumer lending being squeezed out."

"So the question is: What would you do if we were to pass this law?"