Many people will face declined payments, higher minimum balance requirements or, worse, be pushed toward riskier unregulated products. This resolution will repeal the CFPB's rule and protect consumers' access to financial products. I urge my colleagues to support this CRA resolution, defend consumer choice, and restore regulatory certainty to our financial system.
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These issues, I think, kind of highlight the lack of analysis on how the proposal could affect users.
I once again say that State regulators have done a wonderful job in this area for many years, and I think they should continue to be the focus of any of this data collection. Mr. Chairman, I yield back the balance of my time. The Acting…
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