3 thoughts on “City Council Votes to Regulate Credit Lending

  1. An interesting article but it never got around to saying what regualtions and requirements are in the ordinance or what type of lenders would be regulated. Often times this type of well-meaning government regulation only does two things:
    1)Establishes a new bureaucracy with its attendant cost and inefficiency.
    2)Makes it more difficult for those who the regulation is supposed to protect to accomplish their needs.

  2. Bill, I totally agree. I had hoped (with little faith) before anything was officially passed that maybe the lenders keep themselves in check. Would it have been better if the lenders were told to display extra signage and to place more adequate protection for the consumer in the contract language? It seems like a more respectable discussion of lending practices could have been had instead of the mess that took place that day.

    Mr. Rivard, Could you send future e-mail to the e-mail address, dlreyna2010@gmail.com? Thank You.

Leave a Reply

Your email address will not be published. Required fields are marked *