Small lending institutions lack the capability of their larger counterparts to hire the additional manpower necessary to deal with the hundreds of additional regulations created by Dodd-Frank.
When I pick my subcommittee chairmen, I look for people that understand what it's like to run successful businesses, who know what it's like to sign the front of the check instead of the back of the check: somebody that gets it.
Saying that you are advocating on behalf of small business does not grant a license to spend at will on more and more programs without congressional input, oversight, or statutory authority.
I have heard firsthand from several small business owners about their struggle to borrow and their fear of taking on additional debt.
We have been fighting for solutions that will spur economic growth and create jobs for all Americans because we have been listening to what small business owners and employees have been telling us all along.
As newly created P2P businesses disrupt the status quo and compete with established companies, they face the difficulty of fitting a square peg into a round hole when it comes to existing regulatory regimes that don't contemplate their business models.
