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Consumer Financial Protection Agency     12-Oct-09 10:38 am    
Just connecting the dots here but....

....President Obama today (October 9, 2009) urged Americans to support the creation of the Consumer Financial Protection Agency, a new federal entity intended to shield consumers from predatory lending and establish and enforce regulations on banks and mortgage brokers.

The new agency “will have just one mission: to look out for the financial interests of ordinary Americans,” the president said in an East Room address this afternoon. “It will be charged with setting clear rules of the road for consumers and banks, and it will be able to enforce these rules across the board.”....

This bill introduced by Barney Frank has been in the works since this summer and I believe is in the third draft. Chuck Schumer will be a visable and aggressive supporter. It would not be surprising to see the Rent-to-Own industry specifically targeted for regulation in the final version. It will be unlikely that the market will view this as a positive development.
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lcmlightkee...

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Houston


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Consumer Financial Protection Agency
lcmlightkee... Not rated 12-Oct-09 10:38 am  
 
will be no impact on current trend.
fitzndahyou... Rate it 12-Oct-09 12:09 pm  
 
The Rental Business is not a lending institution o...
mortoncashm... Rate it 12-Oct-09 06:29 pm  
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Rent-A-Center Inc. (RCII)

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