Political Quotes

“when I joined the Senate Banking Committee last February, I pledged to fairly examine every issue that came before us, with an eye for detail and a fresh perspective-- promoting innovation, free markets, and our dual banking system. I support the policy goals of the true lender rule in promoting access to credit for underserved communities. I also recognize how vital it is to provide legal clarity to financial technology innovators during this time of change. I support all banks' powers, both State and national, to export interest rates across State lines and to make unassigned loans with clear regulatory certainty. Again, this promotes access to credit. The issues raised by the Office of the Comptroller of the Currency's true lender rule and S.J. Res. 15, however, are not limited to ensuring access to credit or protecting consumers from predatory lending and have much larger implications for our banking system. State-chartered banks have existed since the founding of our Republic. After the passage of the National Bank Act of 1864, our country fostered a dual banking system, and our country is all the stronger for it. The United States is the leader of the global financial system because we have a banking system that is based on competitive equality, flexibility, and innovation.…”