Fed Cracks Down on Credit Cards
April 30, 2008 | alternatives, industry | Comments (0)This is a big development. As this article describes, the Fed is going to bar companies from raising interest rates on card holdings barring a default from the cardholder.
Banks are also fending off federal legislation to crack down on credit card abuses.
Tommy Moore speaks again!
April 23, 2008 | Fort Worth Star-Telegram, Texas, media coverage, positive media coverage, states | Comments (0)In another well put letter to the editor in response to a Star-Telegram guest editorial, Tommy Moore defends the practice of payday lending against those who would “help” consumers by taking away their choices.
As Justice Brandeis said:
Experience should teach us to be most on our guard to protect liberty when the government’s purposes are beneficial. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greater dangers to liberty lurk in insidious encroachment of men of zeal, well-meaning but without under-standing.
- Justice Louis Brandeis Olmstead v. United States, 277 U.S. 479 (1928)
