who's your guardian angel Romney or the Pres..?
President Obama on Saturday plugged a new initiative to give consumers increased protections from credit agencies.In the latest addition to its responsibilities, the CFPB announced this week that consumers would be able to turn to the bureau if they had an issue with theircredit report.
As Obama noted in the address, credit reports can be key for people trying to buy a house or get a job. But, as a CFPB study last year found, agencies gave different scores to creditors and consumers in approximately one out of every five cases.
“Until this week, if you had a complaint, you took it to the company,” Obama said.“Sometimes they listened. Sometimes they didn’t. But that was pretty much it. They were your only real hope. Not anymore.”
this is what right wing deregulation would keep in place, no arbitration just you and a company that's reporting your record fraudulently. hey why wasn't Issa looking for fraud there, afraid he'd find it my guess.
Mitt Romney, Obama’s GOP opponent, has called for repealing the Wall Street reforms, commonly known as Dodd-Frank, even though he also said in a debate this month that the law did have some positives. Republicans in general are broadly opposed to both Dodd-Frank and the CFPB.
Dodd-Frank, Obama said, is all about “looking out for working families and making sure that everyone is playing by the same rules.”
“Sadly, that hasn’t been enough to stop Republicans in Congress from fighting these reforms,” the president added. “Backed by an army of financial industry lobbyists, they’ve been waging an all-out battle to delay, defund and dismantle these new rules.”
here again a plain and easy to understand these guys are not your friends recognize.
