The point is to be smart about it and not to stifle economic growth.
Editor's note · Context
Fitzpatrick advocates for smart regulation that does not hinder economic progress.
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What procedures have you put in place internally to ensure that examiners are not pressuring regulated banks to deny accounts and access to industries of which they personally disapprove?
Is there a mechanism for banks that believe that they have been impacted to file some sort of a complaint with the FDIC?
While we can all agree that consumer protection is a noble and worthy task, the personal preferences of unelected bureaucrats should not, and must not, be the policy of the United States.
It is my hope, Mr. Chairman, that we can come together to understand what the FDIC's involvement was in these practices and create a bipartisan solution to ensure that this never happens again.





