Tell Congress to Restore Consumer Protections
Published February 17, 2009 @ 08:32AM PT
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Take Action!
Congress has reached agreement on a huge stimulus package to boost the economy. Soon, they'll turn their attention to reforming the nation's financial regulatory system. We need to tell Congress to keep consumer protections front and center as they discuss these issues. Consumer protections can't be left to chance, or to the market, or to the whim of regulators! We need strong laws in place.
AFFIL has drafted these Ten Principles to Guide Regulation for Consumer Protection. Read them, and ask your elected officials to read them as well! Tell your Reps to use these Principles when crafting legislation to get our economy back on track.
We all know what happens to consumer protections when law-makers only hear from lenders and their lobbyists.
Make sure your voice is heard! Tell Congress to take this opportunity to write effective consumer protections into law.
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I've been searching the site for some time and have yet to see any posts related to automotive loans. We're all suffering from the economic crisis, and although I couldn't possibly purchase a home, I am still struggling to keep my car. I took out a loan last year for a used car, after an accident and almost couldn't get a loan at all. Eventually, one company agreed to give me a loan but at an enormously inflated rate of 25%. They refuse to bring my loan interest rate down, so I'm close to losing the car. If I do, I won't be able to bring my children to school, go shopping, etc. I don't know what I'd do!
I'm just wondering if anyone else has noticed that they are having problems paying their auto loans, or is it just me? It seems that this issue has not been critical to others, but for me, a work at home single mother, I'm beginning to lose hope.
Posted by J. G. on 08/04/2009 @ 03:16AM PT
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