Today Consumer Financial Protection Agency Could Have Stopped Abuses that Plague Americans

Today Consumer Financial Protection Agency Could Have Stopped Abuses that Plague Americans

CRL shares tales of people afflicted with economic punishment and emphasizes the necessity for the customer Financial Protection Agency to ensure they as well as others are protected from such abuses in the foreseeable future.

The Dow closes at 10,000 points, placing it back again to where it absolutely was a 12 months ago whenever lehman brothers collapsed, and wall road rejoices. However the the truth is the crisis that is economic started into the destructive subprime home loan market continues for US families. Key financial indicators reveal US families are nevertheless struggling: foreclosures at an in history high nationwide; the buck at a 14-month low this week; and jobless at 9.8per cent, the best in 26 years with several states at double-digit amounts. And elderly people, low-wealth working families and all Us americans will always be vulnerable to being financially compromised by concealed charges, high interest levels and loans made to trap them in long-lasting financial obligation. [Read more…]