Comments on: Against the CFPA http://paydaypundit.org/2009/10/05/against-the-cfpa/ News and Information About The Payday Lending Industry Tue, 15 Jun 2010 10:29:51 -0700 http://wordpress.org/?v=2.9 hourly 1 By: Jon Schultz http://paydaypundit.org/2009/10/05/against-the-cfpa/comment-page-1/#comment-8212 Jon Schultz Wed, 07 Oct 2009 04:40:50 +0000 http://paydaypundit.org/?p=5358#comment-8212 It is almost laughable for politicians to claim that they want to save consumers money by making financial contracts clearer. Statutes are so complex that consumers have to hire lawyers to understand what they mean, and the tax code is so complex we have to hire accountants. What that shows is that lawmakers care less about saving consumers money than they do about finding targets to criticize and correct, so they seem to be doing a good job. It is almost laughable for politicians to claim that they want to save consumers money by making financial contracts clearer. Statutes are so complex that consumers have to hire lawyers to understand what they mean, and the tax code is so complex we have to hire accountants.

What that shows is that lawmakers care less about saving consumers money than they do about finding targets to criticize and correct, so they seem to be doing a good job.

]]> By: maura http://paydaypundit.org/2009/10/05/against-the-cfpa/comment-page-1/#comment-8203 maura Mon, 05 Oct 2009 21:25:12 +0000 http://paydaypundit.org/?p=5358#comment-8203 Does more government control and less consumer choice sound familiar? The CFPA is designed to regulate consumer financial products. We need to support effective consumer protection that ensures concise disclosures about risks associated. Visit http://www.friendsoftheuschamber.com/issues/index.cfm?ID=469 Does more government control and less consumer choice sound familiar? The CFPA is designed to regulate consumer financial products. We need to support effective consumer protection that ensures concise disclosures about risks associated. Visit http://www.friendsoftheuschamber.com/issues/index.cfm?ID=469

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