This iReport is part of an assignment:
Mortgage nightmares
About this iReport
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Posted September 24, 2009
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Location
Watertown, New York
Watertown, New York
Assignment
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Consumer Protections Killed By Bank Lobbyists
Banks win round one in fight for consumers' protection. Does this surprise anyone? Banks' lobbyists have effectively "killed" consumer protections for loans. Congress again takes money from bank lobbyists and look the other way.
Wow! Is this change you can believe in. With all due respect to President Obama, the bill has not reached him. But if this is the best those responsible for creating credit agreements consumers can believe in, we have a sorry state of affairs.
It appears to be business as usual, until we have campaign finance reform. What do you think?
- TAGS:
- loans,
- mortgage,
- foreclosure,
- consumer_protection,
- banks,
- real_estate
- GROUPS:
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