Political Quotes

“Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, I have failed. I thought I made it very clear that when I talk about overdraft fees, I am talking about the little guy because the CFPB's rule doesn't recognize the laws of the States that make it a crime in some cases to have an overdraft. It makes it so that the little guy is going to pay more. CFPB didn't take that into consideration, in my opinion. They didn't understand that. Yet, my colleague on the other side just talks about somehow Republicans are only looking out for the big businesses. No. No, this rule sets up the debate for overturning the CFPB rule and helping the little guy not face $150 to $750--that is in Virginia; I don't know about other States--in charges if they have to deal with a criminal penalty. $50 from the merchant, and they are worrying about a $5 to $35 fee. Yet, they are not paying attention to the real harm. That is it. {time} 1330 We have heard lots of arguments on all the issues included in this rule, and so I think it is important that we pass it. I urge everyone to vote ``yes.'' The material previously referred to by Mr. McGovern is as follows: An Amendment to H. Res. 282 Offered by Mr. McGovern of Massachusetts Strike Sec. 4 and insert the following and redesignate the subsequent sections accordingly: Sec. 4. Upon adoption of this resolution it shall be in order to consider in the House the bill (H.R.…”