The world works off of incentives. If I was the credit card company and you wouldn't allow me to recoup my fraud prevention cost, and you would allow me to recoup my fraud cost, I guess I would allow fraud in the system. My guess is that it would not be good for our economy.
Hensarling discusses the economic implications of fraud prevention costs.
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I would just point out again, all this bill does is extend for 6 months the current policies of the NFIP. Not one single policy of the NFIP is changed in this bill. Mr. Speaker, I yield such time as he may consume to the gentleman from…
As New York is increasingly shoving capital out, Texas is saying, 'You're welcome here.
How are we that much better off? And if we could put up a slide, you are asking community banks to make a forecast.
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