Tim Scott actually said...

the fact of the matter is that with better information provided by staff, the number is around four million under- and unbanked households

The contraction of credit unions and banks, obviously, are happening, and there is a consequence that comes with the regulations.

There is no doubt that the number of members at credit unions are higher.

in Section 1022 of Dodd-Frank, it states plainly that the Bureau, by rule, may conditionally or unconditionally exempt any class or covered ...