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the purpose of the wrong choice bill. it s just it s between the many and the money and this wrong choice act stands firmly on the side of those who would line their pockets in the top 1%. the chair: the gentleman s time has expired. the gentlelady reserves. the gentleman from texas is recognized. mr. hensarling: mr. chairman, i m happy now to yield one minute to a real workhorse of the financial services committee, the gentleman from maine, mr. poliquin. the chair: the gentleman is recognized for one minute. mr. poliquin: thank you very much, mr. speaker. thank you, mr. chairman. mr. speaker, i represent the most honest, hardworking families in this country in the great state of maine. i also represent tens of thousands of small business owners in our state that create thousands and thousands of jobs for our families. and you know, in the state of maine, mr. speaker, we know the difference between right and wrong, and it is wrong to force taxpayers to bail out huge wal ....
family farm. the big banks don t pay attention to that, only community banks do. a couple years later with the help of these kinds of loans from these local banks, these so-called pipe dreams in these small towns and rural counties become successful businesses. they become job creators. these are the ultimate success stories that our communities in america are built upon. this is why the financial choice act is so important. it helps community banks and the small business that is absolutely depend on them, it helps them thrive. it protects consumers by increasing accountability and transparency over the wider financial sector. and it also repeals too big to fail. the rules codified by dodd-frank that have left taxpayers on the hook for too long. ultimately the financial choice act is a jobs bill. it is one that will bring hope back to main street. it is easy to talk about the economy and regular regulations as series of numbers. it is easy to talk in vague terms abo ....
we ll show you that debate with comments from house speaker, paul ryan. small businesses are struggling. invest, or get the loans need to get ohe ground. families looking to keep their money safe are hit with fees they can t afford. why is this? our community banks are in trouble. they are being crushed by the costly rules imposed on them by the dodd-frank act. this law may have had good intentions, but its consequences have been dire for main street. let me put it this way. it is more than 1,000 pages long and has more rules and regulations than any other obama era law. the burdens created are real and deep. these costs are unsustainable for small community banks who simply cannot afford to meet all the requirements and can t hire a team of lawyers to decipher the seemingly endless rules. what do they do? they hunker down, they are unable to loan out money, or worse, they are shutting down. the choice act reins in dodd frank. it delivers the regular toward relief these ....
it s saturday 4th march. we ll be live in belfast in the next few minutes. also ahead: mercedes recalls 75 thousand cars in the uk because of a risk of them catching fire. sweeping away the small print. the chancellor promises a crackdown on consumer rip offs. could the uk quit the eu without paying a penny? a house of lords report says the government isn t legally obliged to contribute to the cost of brexit. in sport, a century from captain eoin morgan sets up england for victory, in the first one day international against west indies. and: how do make sure your children get a good night s sleep? a panorama investigation finds a big rise in the number of youngsters being diagnosed with sleep disorders. and we have sarah with the saturday weather. good morning. it s an u nsettled, weather. good morning. it s an unsettled, showery weekend and some of us will see some sunshine. see you ina of us will see some sunshine. see you in a few minutes. good morning. first, our ma ....
financial services like check cashi cashiers and payday lenders were oh bad why so many were using them. i learned banks were not serving the middle class and the low end and i realized there were good alternatives coming on and i wanted to tell the story. it is the first book i have written that is not an academic book. i wrote it for policymakers people working in the financial industry and people like you and me who may or may not be happy the consumer financial services they are currently using. let s talk a little bit about what you mean by alternative financial service providers. what is that? why do you call it alternative? guest: i see the consumer financial industry being three components one the mainstream, which is banks and credit krunts. the second is alternative, payday lenders, rent to own shops, pawnshops and they are growing as technology grows. the third is inform financial services which are not on the map but used by many, many americans. host: ....