On the recordJune 10, 2015
We are choked under the regulatory burden, and we are going to quit lending to poor people.
Source
congress.govWe are choked under the regulatory burden, and we are going to quit lending to poor people.
Pearce warns that regulatory pressures may lead banks to stop lending to low-income borrowers.
Share
More from Steve Pearce
So many people did not want their names used as I talked about their items. Are you all addressing the fact that we can't cure the problems when people can't talk about it inside the system?
Some of the scariest words known to my constituents are, 'I am from the Federal Government, and I am here to assist you.'
It is time to get to work and do what we were sent there to do, make hard decisions about very difficult things in a pragmatic and sensible way.
I think that the better option is the competition drives the bad ones out of business.