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Tell Congress to Create a Consumer Watchdog Agency

This petition had 1,171 supporters

The renegade lending industry has brought our economy into the worst recession since the Great Depression.  But now there's a chance to fix our broken system.  Congress is considering creating a Consumer Watchdog agency!  

Right now, no government regulator has consumer protection as its main mission.  A Consumer Watchdog agency would exist just for this purpose, and would regulate credit cards, mortgages, small loans, and other financial products.

The need for a Consumer Watchdog agency is all too clear.
  One in five subprime mortgages will end with the family losing their home.  The government would never let stores sell toasters that had a one in five chance of bursting into flames and burning down your house.  Why should mortgages be any different, especially when so much is at stake?  

A Consumer Watchdog agency would ban products that don't meet safety requirements, and ensure a level playing field between lenders and borrowers.
 For more information about an agency like this, please click here.

The system we have now isn't working!  Tell Congress to create a Consumer Watchdog agency!

(Photo: bfraz)

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