In the end, your customer is hurt.

I repeat, what works in California, does not work in Texas.

We have seen a wave of new proposed regulations coming out of the Biden Administration that will cause banks to dedicate a significant amount of money towards new compliance costs.

Unfortunately, I have heard from some of my market participants in Texas that the financial regulators are working on a new rule regarding computer incident notification requirements that could impose a significant new burden.

you can't have competition and you can't help Main Street America by adding regulations on top of regulations.

This proposed rule is 918 pages long, and is a nightmare for anyone who is going to be forced to comply.

Many small businesses do not want metrics like gross annual revenue or the purpose of the loan to be accessible to the public.

I am a champion for small business. And before we get started, I have to say that I am a small business owner in Texas.

the CFPB had an awful track record of issuing massive fines and penalties.

Small businesses are what generates our economy, and we all know that.

This will force loan officers to racially profile every applicant.