Consumer Finance Protection Agency= Give your loan a "FRESHNESS GUARANTEE"

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Education & Training with Finance of America Mortgage Winchester VA Branch NML#1071

 President Obama introduced this Bill in July with the hopes of putting a "nutrition label" on basic consumer finances . . credit cards, taxes, loans.  This agency is supposed to make sure that consumers are protected from harmful financial choices and are educated about the products they purchase.  This sounds like a GREAT IDEA Right?  Well it depends on who is in charge. . . . Should be make this a section of another agency?  Should this be an independent agency?  Should the Federal Reserve have a hand in it?   

 Below Representative Brad Miller, Democrat from North Carolina comments on what the agency COULD DO if ran correctly . . . he compares it to food safety . . .( but that is a different BLOG)  Its like giving your mortgage, your credit card, and other financial products a "FRESHNESS" guarantee!

http://www.youtube.com/watch?v=W81kqjrwn44

Watch out for this one . .  it could be interesting!

 

For more information about topics that will affect YOU, the housing market, foreclosures, short sales . .YOU KNOW where to go . . www.realtynegotiations.com

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Contact:rachaelhite@gmail.com

*Blogs are for information and Fun: Questions and Comments are Welcome!

 

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