Apply Consumer Financial Protection Policy to Congress
“It will have the power to set tough new rules so that companies compete by offering innovative products that consumers actually want and actually understand. Those ridiculous contracts — pages of fine print that no one can figure out — will be a thing of the past. You’ll be able to compare products, with descriptions in plain language, to see what is best for you.”
That’s President Obama promoting his Consumer Financial Protection Agency proposal. Now let’s see if he can apply that thinking ot the law that creates the agency. The recent attempt at providing better consumer protection for insurance, HR 1880, was over 20,000 words as introduced (ie, before all of Congress got to stamp their “buts” on it).
Tell your representatives at all levels of government you want plain language laws that citizens “actually want and actually understand”. “While I’m not spoiling for a fight, I’m ready for one. The most important thing we can do to put this era of irresponsibility in the past is to take responsibility now.” Tell your representatives that they are not just going to hear that from President Obama on one issue, but from you on all the issues.






