They've done nothing, absolutely nothing. The credit card industry has an enormous amount of power in Washington. They bottle these bills up. |
We don't want this credit counseling requirement to be yet another hurdle that consumers who really need bankruptcy relief have to jump over to get it, |
We support credit counseling, especially if it's delivered early, and this is not early intervention. This is late intervention at the point where people have decided that bankruptcy is the only way for them. We just wonder whether this kind of late intervention will be helpful to too many people. |
We're going to see people in a debtor's prison without walls, ... They'll essentially slip through the safety net, hit the ground and then sink into an underground economy. |
What the credit bureaus are most interested in is gaining market share in the increasingly lucrative market for credit scores. |
What we have pointed out is that we often hear promises of greater resources devoted to R&D (as a result of a merger), but there is absolutely no proof that in the mergers over the last three to five years that that has occurred. |
What we have right now is exceedingly weak. It's virtually worthless. |
when the issues are fairly cut-and-dried. |
Your credit report is your passport to your essential financial information. Increasingly, what's in your credit report determines whether you'll get credit and how much you'll pay for it. |