Consumer Financial Protection Agency Act

 
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Consumer Financial Protection Agency Act

 

Brian Michael

This bill seems like another attempt by the administration to expand the already bloated federal government and tell citizens how they should spend their money. Is this really necessary?




Comment

Anne Janco

 

The following is a link to an excellent editorial in the 6/29/2010 WSJ entitled:


 The End of Community Banking By SARAH WALLACE


http://online.wsj.com/article/SB10001424052748703964104575334611037072320.html?mod=WSJ_Opinion_LEADTop

June 29th at 9:24am
 

Daniel L Luttrell

 

Go to your State Senator's websites and direct contact phone numbers and tell them to fix the CONSUMER PROTECTION AGENCY first. Fix everyone's home loan ripoffs. The CONSUMER PROTECTION AGENCY DID NOT PROTECT THE CONSUMERS FROM THE BANKS AND CREDIT CARD SCAMS THE BANKS WERE ALLOWED TO RAPE US CONSUMER"S WITH.

April 26th at 12:56pm
 

Ashley Weldon

 

"Why does'nt the government understand, that if they would get out of the way, our economy would flourish?"


because that's based on the fact that people behave rationally, in which rationality is relative anyway. since people don't behave rationally nor have perfect information... plus our society isn't nearly educated enough....


that is why we NEED regulations.


when a company or corporation becomes so huge, they think they have the right to do whatever they please (especially if it's a product consumers need and there are little other options)... say, charging rediculous interest rates and fees... you need regulations. and not regulations dispersed among ten different agency, in which consumer protection is the lowest on their list.. you need someone that will actually enforce them.


take discrimination for example... it's not very rational for a business owner or landlord to discriminate based on race, color, gender, familial status, etc... because money is money... but people will do it anyway, unless there are laws and regulations to stop it.

April 19th at 11:20am
 

Martin Shoemaker

 

Gentlemen,


Can you please explain why you are siding with Wall Street and the 6 Mega Banks,   They almost destroyed our economy and your providing them support to do the same thing without restriction or accountability.  Is their money that controlling to your organization.  I'm disgusted with your stand and your lost direction.  For a change support the American Taxpayer and the business community that you were created to represent.  If you don't understand get out of Washington and find out how disgusted the American Business community is with your organization.  YOU"VE LOST YOUR DIRECTION AND PRIMARY MISSION.

April 16th at 11:09pm
 

Joe Gayda

 

The government has been getting out of the way of Wall Street for years, with disasterous results for most Americans. WHay should anyone, Who, American or foriegn, would put more money into a market which has not been Properly fixed? Why should Americans tolerate a system where we are told to expect major financial upsets every  few years?


 That is no way to encourage people to save or invest in the Market. People will only invest very short term, or because they feel they have no choice. But people in other countries have a choice. The Market would never have recovered the public's trust after 1929 and grown so successful with out regulation, and it will not again. I remember going through relatives homes after their death finding the money they hid because they didn't trust banks, even with deposit insurance. For 20 years or more the Market has been trading on the accumulated Goodwill of the New Deal Reforms, and the belief that the Government wouldn't make the mistake of going back to pre-New Deal standards. Only it did. But the guys on Wall Street weren't hurt anywhere near the guys on Main Street, so they don't see any problems. And we can see for whom the Chamber tends to speak.

March 19th at 7:24am
 

Billy Foppiano

 

Nope, more regulation, not less. These are twisted greedy lyers stacking the aisles with products you don't have a clue how they work. They do , and they'll take your money while you watch it shoot down the drain.
If your business is sound, you need more protection, not less.

December 29th at 3:27pm
 

Russell W. Aufderheide

 

Why does'nt the government understand ,that if they would get out of the way, our economy would flourish? To be constantly bombarded with new regulation is what puts the stranglehold on all business'.

December 10th at 5:20am
 

Kristin Angus

 

Both the House Financial Services Committee and the House Energy and Commerce Committee have passed this bill!

October 30th at 12:59pm
 
 
 
 
 

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