Political Quotes

“Mr. President, I rise to talk in favor of my CRA on the overdraft fees. President Biden and his politically motivated junk fee conversation was not about helping consumers. It was about trying to change the conversation away from the devastation that inflation was bringing to kitchen table after kitchen table after kitchen table all across America. The average American, because of Bidenflation, lost $1,000- plus in spending power, devastated by the Biden economy. President Biden looked for something to change the conversation and it changed something called junk fees. One of the junk fees he talked about was the overdraft fee. Now, some would say: What is an overdraft fee? Your bank account goes beyond zero; you have to pay a fee; your bills are paid. Some people who live paycheck to paycheck use their overdraft option to pay their rent. So when you start capping these fee structures, you start eliminating overdraft. You start eliminating the possibility of people working paycheck to paycheck to make the decision--to make the decision--to continue to use their resources in the most effective way. Unfortunately, President Biden's devastating economy has reverberated for years now. This overdraft conversation is a critically important conversation, if you are, like me, a guy who grew up in poverty, single-parent household, who understands the difficulty, the challenge of single moms making those ends meet.…”