Consumer Protections Killed By Bank Lobbyists

September 24, 2009 | Watertown, New York | Vetting explained

Posted by:
Liberty1955

Viewed 28 times
Shared 2 times

iReport —

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?

http://money.cnn.com/2009/09/23/news/economy/consumer_financial_protection_agency/index.htm?postversion=2009092315

Posted in Assignment:
Mortgage nightmares

Share this on:

del.icio.us

StumbleUpon

Comments

iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

What is iReport?

Share

Tell a story, offer an opinion, say what's important to you.
Discuss

Join the conversation on the day's big issues.
Be heard

The best iReports get vetted and used on CNN platforms.

iReport is a user-generated section of CNN.com. The stories here come from users. CNN has vetted only the stories marked with the "CNN" badge. MORE...

CNN iReport