Tim Scott actually said...

"It is without doubt very important that we continue to see more credit unions and more small banks populate throughout our Nation."

"I would love to hear, Ms. Savarese, what you think the major factors are driving the consolidation that is happening as well as the lack of new financial institutions."

"If you think about the lack of access to financial institutions to borrow money for a home or to start a new business, we might ask ourselves how do we expect for those rural areas that are on the wro..."

"Do we really want to add to that consolidation trend if there is a way that we can support those communities banks in serving the unique needs of their communities?"