The fatal flaws of the bill
April 22, 2010 | federal legislation, industry, research | Comments (0)From the Heritage Foundation:
Limits financial choices of American consumers. The bill contains a new “Bureau of Consumer Financial Protection” with broad powers to limit what financial products and services can be offered to consumers. The intended purpose is to protect consumers from unfair practices. But the effect would be to reduce available choices, even in cases where a consumer fully understands and accepts the costs and risks. For many consumers, this will make credit more expensive and harder to get.
Comments»
No comments yet.