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..."

"Unfortunately, that is not the trend, and that leads to a very important point that in South Carolina, about 9 percent of our population is totally unbanked; another 23.5 percent or so are underbanked..."