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February 26, 2010

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Wisconsin Consumer Protection News

NAMB Consumer Protection Chair Calls for Simpler Mortgage Disclosure

Creating a simpler mortgage process with clear disclosure of all fees was a consistent theme during testimony by the National Association of Mortgage Brokers (NAMB) at a hearing conducted by the Federal Reserve Bank this week in Atlanta.

Kate Crawford, Chair of NAMB's Consumer Protection and Affordable Housing Committee, represented the association and stated that one of the toughest hurdles in the home buying process is shopping for the right loan.

"Unfortunately, the approved disclosure documents for rate, fees, costs and points can be confusing and overburdened with legalese," said Crawford. "In addition, only mortgage brokers disclose all costs to the consumer. Until there is a uniform way to disclose costs and everyone is fully transparent about their fees it will continue to be difficult for consumers to comparison shop in a meaningful way." Read more at rismedia.com

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Did You Know?

Warranties and guarantees are a manufacturer’s or seller’s promise to stand behind its product or service.

	Newsroom
	Latest news about Consumer Protection cases in Wisconsin and nationwide: FDIC Highlights Consumer Education Tools On Fraud Prevention The Federal Deposit Insurance Corporation (FDIC), in observance of National Consumer Protection Week (NCPW) February 5-11 and its theme of fraud pr... Read more > Gear Up, Strap It On – Helmets Can Save Lives And Reduce Injuries Spring is here and millions of Americans are heading outdoors to take part in their favorite sports activities. But gearing up for fun also means w... Read more > H&R Block gets sued New York Attorney General Eliot Spitzer sued H&R Block on Wednesday, claiming the nation's largest tax preparer fraudulently sold hundreds... Read more > More Consumer Protection News >

Consumer Protection Lawyers.com Terms

Today's Terms

Counterfeit Drugs

Definition:
Pay attention to packaging. Check for altered or unsealed containers, or changes in the packaging or label. If you know the size shape, color, and taste of the medications you take, you will more easily identify possible counterfeits.

Telemarketer fraud

Definition:
It’s important to know who you’re dealing with. If a company or charity is unfamiliar, check it out with your state or local consumer agency and the Better Business Bureau.

Charity Scams

Definition:
If you’re approached by an unfamiliar charity, check it out. Most states require charities to register with them and file annual reports showing how they use donations. Ask your state or local consumer protection agency how to get this information.

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Consumer Hot Topics

Topics Related to Consumer Protection:

Automobile Repair
Buying a Car
Buying a Hearing Aid
Buying or Selling a Home
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Wisconsin Consumer-Protection Attorney

If you live in the following cities and need an Consumer-Protection attorney you should contact our Consumer-Protection Attorney as soon as possible:

Appleton
Beloit
Burlington
Chippewa Falls
De Pere
Eau Claire
Fond Du Lac
Franklin
Green Bay
Janesville
Kenosha
La Crosse
Madison
Manitowoc
Marshfield
Menomonee Falls

Milwaukee
Neenah
New Berlin
Oak Creek
Oconomowoc
Oshkosh
Racine
Sheboygan
Stevens Point
Sun Prairie
Superior
Waukesha
Wausau
West Bend
Wisconsin Rapids

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