Tim Scott

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.

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

In Section 1022 of Dodd-Frank, it states plainly that the Bureau, by rule, may conditionally or unconditionally exempt any class or covered persons, service providers, or consumer financial products or services from any provision of this…

It certainly appears to me that the consolidation within the banking space has led to more access and opportunities for smaller credit unions to continue to grow----

The evidence for first-time homeowners over the last 3 years is that the first-time homeowners have been in decline

The mortgage market was good news for all around, that more opportunity for more consumers and a wider path to the American dream

Do you have any recommendations for ways to reduce the hurdles or the bureaucracy that is in your agency?

What we heard from that hearing was many of our citizens were very thankful for the responsiveness of both agencies.

The only way that we have been able to recover truly has been through the assistance of both the SBA and FEMA.

The way that we increase the costs to the most vulnerable in our society is to increase the costs in an area where the fees are lower, that the interest rates are lower.

The goal of protecting the consumer has been lost in Dodd-Frank, and the CFPB is not making it easier for consumers to have access to credit

If first-time home buyers have fallen for the third consecutive year, logically the disproportionate impact is on people of color.

Thank you so much for putting a cap on the interest rate.

The higher the fee, the lower the access.

The goal of having a watchdog agency that provides the type of protection that we both hope for is not happening as we are watching it unfold today around this country.

Getting rid of predatory practices in the credit card industry, in the mortgage industry, in the lending industry in general allows middle-class families and families of modest means to be successful rather than to be victims of tricks and…

As a result of higher fees, you will have more people unbanked

Dodd-Frank makes it worse for people living in poverty and people living on the threshold of poverty.

I think of the Independent Payment Advisory Board, what some have referred to as a death panel, and the ability to ration care into the future.

No one is going to mistake me for a fan of Obamacare or the ACA, without any question.

I think it was 97 House Democrats signed a letter with serious concerns about the fiduciary rule.

I would certainly encourage you both to take some time, if you are confirmed, to look deeply into it.

I think there is an opportunity for us to take a look at the data again, because the data certainly, from my perspective, concludes that the small investor is worse off under the current rule than they would be without the rule.

The numbers are going down when the promises are going up.