Wednesday, March 5, 2008

Ralph is Right (for once)

Ralph Nader announced his candidacy for president; his run in 2000 probably cost Al Gore the presidency and the country is still reaping the unfortunate consequences.

Nader said he was running because none of the candidates were talking about needed consumer protections. Unfortunately, he's correct. Where are the proposals for strengthening consumer protections? To protect consumers from outrageous credit card rates? From contracts that do not disclose all the fees (just look at your cell bill for all the add-on fees masquerading as governmental compliance fees)? What about prohibiting prepayment penalties? Allowing consumers to freeze their credit reports to help prevent identity theft (some state laws allow this for their residents, but there is no federal protection)? How about making banks liable for late electronic bill payments that were delayed because of bank error?

No comments: