As a small business owner, I've seen it, I've lived it. When community banks disappear, families and small businesses lose the local lenders who know their communities and their customers best. Less competition means fewer financing options, higher borrowing costs and less investment on Main street, not Wall street. as some of my colleagues are trying to assert. This bill lowers unnecessary regulatory costs for community and mid sized banks. Not those big business center banks in Wall street, in New York and around the world. (00:17–00:26)
CLAIM
Asserts that reduced competition leads to fewer financing options, higher borrowing costs, and less investment on Main Street.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
