Today, the Federal Trade Commission announced new restrictions for for-profit companies that consolidate, reduce and eliminate debt on consumers’ behalf.
The Consumer Advisory Council meets this Thursday in Washington — and the goings-on are open to the public. If you register online by today, you can attend.
You might get a feel for how consumer protection would be handled under the Fed.
Mike’s excellent story today about the weak reforms of the payday lending industry proposed by onetime industry foe Rep. Luis Gutierrez (D-Ill.) details a disappointing setback for efforts to curb the insidious practice of charging down-on-their-luck consumers loan shark rates for short-term loans.
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