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yeah right....
Credit-Card Law Benefiting Consumers, Report Finds
BY MAYA JACKSON RANDALL
WASHINGTON—A landmark credit-card law has made billions of dollars in charges more transparent for consumers, which should help lower costs over the long-term, according to a new report released Wednesday.
The report, by nonprofit research group Center for Responsible Lending, examines the impact of new federal credit-card rules on consumers one year after many of the new rules mandated by the Credit Card Accountability Responsibility and Disclosure Act of 2009 have been put in place.
The spotlight on the credit-card rules also comes as the new Consumer Financial Protection Bureau is planning to evaluate the impacts ...
http://online.wsj.com/article/SB1000...837940196.html
the rest behind the paywall (at the moment anyway)
but first let me say: what could we expect from the cheerleaders for this crap, window dressing, bankster apologist, 'defenders of the downtrodden' (read: deadbeats who wouldnt have been able to qualify for a credit card, NEVER MIND A MORTGAGE, without their 'benefactors' in DC rigging the game, in the interest of "rolling the dice" to tilt the risk of default onto THE REST OF US, while they let the perps go free, WITH ALL THE MONEY they could cart off to the cayman islands?
and they really do have a LOTTA BALLS calling it:
Credit Card Clarity: CARD Act Reform Works
http://www.responsiblelending.org/cr...d-clarity.html (huh? seen a ccard statement lately?)
Read the full report.
Read the executive summary.
Watch our 4.5 minute video of Senior Researcher Josh Frank discussing the findings.
[this ought to be good for a giggle or 2, will have to wait til get back to the roadrunner]
but eye always like to read the 'opposing view' on stuff like this first, and here's the question:
what-is-the-center-for-responsible-lending ? (or more precisely: WHO)
from: http://biggovernment.com/publius/201...sible-lending/
On Wednesday, we brought you the story of a little report from the Boston Fed and its role in creating the housing bubble. In that piece, we mentioned an organization you probably hadn’t heard of before, the Center for Responsible Lending. It is one of the more influential–in a bad way–organizations you don’t know. Over the coming weeks, we’ll lift the veil on this organization. Consider today’s installment a primer.
more: http://biggovernment.com/publius/201...sible-lending/
like i said, i think that elizabeth warren's work is looking out for the middle/working class, but i'm not so sure of her handlers and methinks she's getting taken for a ride by _their_ buddies in lower manhattan
but considering just the few things that eye have noticed on my accounts since all these new rules went into effect, I'D SAY MOST OF IT IS 100% PURE meadow muffin material... and just another one of the multi-thousand-page doorstops that somehow managed to get snuck thru, aka "deemed to have passed" by queen nancy and harry the clown the past 2 years
whats the braintrust think about all this? did "we win" or not?
- BUSINESS
- FEBRUARY 16, 2011, 11:22 A.M. ET
Credit-Card Law Benefiting Consumers, Report Finds
BY MAYA JACKSON RANDALL
WASHINGTON—A landmark credit-card law has made billions of dollars in charges more transparent for consumers, which should help lower costs over the long-term, according to a new report released Wednesday.
The report, by nonprofit research group Center for Responsible Lending, examines the impact of new federal credit-card rules on consumers one year after many of the new rules mandated by the Credit Card Accountability Responsibility and Disclosure Act of 2009 have been put in place.
The spotlight on the credit-card rules also comes as the new Consumer Financial Protection Bureau is planning to evaluate the impacts ...
http://online.wsj.com/article/SB1000...837940196.html
the rest behind the paywall (at the moment anyway)
but first let me say: what could we expect from the cheerleaders for this crap, window dressing, bankster apologist, 'defenders of the downtrodden' (read: deadbeats who wouldnt have been able to qualify for a credit card, NEVER MIND A MORTGAGE, without their 'benefactors' in DC rigging the game, in the interest of "rolling the dice" to tilt the risk of default onto THE REST OF US, while they let the perps go free, WITH ALL THE MONEY they could cart off to the cayman islands?
and they really do have a LOTTA BALLS calling it:
Credit Card Clarity: CARD Act Reform Works
http://www.responsiblelending.org/cr...d-clarity.html (huh? seen a ccard statement lately?)
Read the full report.
Read the executive summary.
Watch our 4.5 minute video of Senior Researcher Josh Frank discussing the findings.
[this ought to be good for a giggle or 2, will have to wait til get back to the roadrunner]
but eye always like to read the 'opposing view' on stuff like this first, and here's the question:
what-is-the-center-for-responsible-lending ? (or more precisely: WHO)
from: http://biggovernment.com/publius/201...sible-lending/
On Wednesday, we brought you the story of a little report from the Boston Fed and its role in creating the housing bubble. In that piece, we mentioned an organization you probably hadn’t heard of before, the Center for Responsible Lending. It is one of the more influential–in a bad way–organizations you don’t know. Over the coming weeks, we’ll lift the veil on this organization. Consider today’s installment a primer.
more: http://biggovernment.com/publius/201...sible-lending/
like i said, i think that elizabeth warren's work is looking out for the middle/working class, but i'm not so sure of her handlers and methinks she's getting taken for a ride by _their_ buddies in lower manhattan
but considering just the few things that eye have noticed on my accounts since all these new rules went into effect, I'D SAY MOST OF IT IS 100% PURE meadow muffin material... and just another one of the multi-thousand-page doorstops that somehow managed to get snuck thru, aka "deemed to have passed" by queen nancy and harry the clown the past 2 years
whats the braintrust think about all this? did "we win" or not?