Tim Scott actually said...

The only question is what do you call it? Do you call it a late fee or do you just embed it in the overall structure of something.

Director Chopra has taken full advantage of that loophole.

the fact of the matter is that some fees are, as I said in the opening statement, it provides discipline, financial discipline.

The result of rulemaking and enforcement by blog post? Fewer consumers are actually protected, and fewer options of financial products will ...