Financial services issues: a consumer's perspective : hearing before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eighth Congress, second session, September 15, 2004
United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
U.S. Government Printing Office, 2004 - 116 páginas
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Página 7 - I know no safe depository of the ultimate powers of the society but the people themselves. And if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them but to inform their discretion by education.
Página 105 - Member institutions are the leaders in consumer financial services, including auto finance, home equity lending, card products, education loans, small business services, community development, investments, deposits and delivery. CBA was founded in 1919 and provides leadership, education, research and federal representation on retail banking issues such as privacy, fair lending, and consumer protection legislation/regulation.
Página 83 - ... applicants for credit, whether or not credit is actually extended. 2. Charges for actual unanticipated late payment, for exceeding a credit limit, or for delinquency, default, or a similar occurrence. 3. Charges imposed by a financial institution for paying items that overdraw an account, unless the payment of such items and the imposition of the charge were previously agreed upon in writing.
Página 74 - ... appropriate claims and defenses their clients might have. As a result of our daily contact with these practicing attorneys we have seen examples of predatory lending to low-income people in almost every State in the union. It is from this vantage point — many years of dealing with the abusive transactions thrust upon the less sophisticated and less powerful in our communities — that we supply this testimony today.
Página 74 - Center is a nonprofit organization specializing in consumer issues on behalf of low-income people. We work with thousands of legal services, government and private attorneys, as well as community groups and organizations, from all states who represent low-income and elderly individuals on consumer issues.
Página 111 - Institute (FMI) is a nonprofit association conducting programs in research, education, industry relations and public affairs on behalf of its 1,500 members including their subsidiaries— food retailers and wholesalers and their customers in the United States and around the world.
Página 3 - Sanders, for any opening statement that he may have. [The prepared statement of Hon. Spencer Bachus can be found on page 70 in the appendix.] Mr.