Center For Responsible Lending Attacks Credit Card Cos.

Yes on H.R. 627, in spite of the CRL’s support

I am not a fan of the Center For Responsible Lending. It isn’t because I’m against responsible lending, it’s because at the root, they do not in fact advocate responsible lending. Any group whose leadership supports toxic housing market activities of Herbert Sandler, Golden West Financial, World Savings Bank, Self-Help, Inc. and the ugly organization of our times - ACORN - cannot be trusted as an honest authority on responsible lending. I’ll take installment loans as needed, regardless of their dubious claims backed by flawed research.

However, that being said, they do have some reasonable things to say. In a recent press release, the CRL encourages citizens to tell their Senators to support H.R. 627, legislation that would help millions of credit card holders.

Consumers have been held hostage

The United States Senate is in the process of voting on credit card legislation that could help customers “avoid hidden fees and penalties,” as well as “unfair retroactive interest rate increases.”  The CRL takes the high road and encourages consumers to act now by telling elected officials to support H.R. 627 in the Senate. If you aren’t sure who to talk to, try Visible Vote, a handy app for the iPhone, Blackberry and Facebook. ... click here to read the rest of the article titled "Center For Responsible Lending Attacks Credit Card Cos."