We all want transparency
February 3, 2010 | alternatives, federal legislation, industry | Comments (0)If the proposed Consumer Financial Protection Agency stopped at that, we’d have no problems. From the article:
I like the term “trick and trap” coined by Harvard Professor Elizabeth Warren. Credit and debit card issuers are back in the business to tricking and trapping the consumer with a barrage of fees and penalties so their revenues can increase – legally, of course, and with the blessing of Congress.
Credit and debit cards are already regulated. No need to create a new agency.
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