Credit Slips: Warning: Your Toaster Will Explode

AFFIL appeared in this article by Elizabeth Warren on June 7, 2007:

Americans for Fairness in Lending (AFFIL) is urging people to write Congress to say, “Disclosure is not enough.”  AFFL is criticizing what CreditSlips’ own Bob Lawless called the “weak gruel” of the Federal Reserve’s new credit card restrictions.  The group says the Fed’s disclosure approach isn’t enough.  After all, disclosing abusive practices isn’t the same as stopping abusive practices.  AFFL wants regulation, and they don’t want Congress to hide behind the Fed’s new gruel to avoid the problem.

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