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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?

Phishing is a general term for criminals creation and use of e-mails and websites

	Newsroom
	Latest news about Consumer Protection cases in Wisconsin and nationwide: FTC Settles Two Complaints Charging Rebate-Fulfillment Violations Under the terms of separate consent agreements announced today, the Federal Trade Commission has settled charges against two companies for unfair a... Read more > 'Fighting Fraud: It's a Family Matter' WASHINGTON, DC - Canada and the United States have historically been strong allies and are the world's largest trading partners. The two countries ... 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

Lemon Law Protection

Definition:
Lemon Law applies to any new vehicle purchased and registered laws are by state

CPSC

Definition:
The U.S. Consumer Product Safety Commission, a Federal Government regulatory agency The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of serious injury or death from more than 15,000 types of consumer products

Lessee

Definition:
The party to whom the item is leased. In a consumer lease, the lessee is you, the consumer. The lessee is required to make payments and to meet other obligations specified in the lease agreement.

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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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