We need a new government agency to get consumer information about loans?

Thedude27 asked:


What is the truth in lending law for?
is there even such a thing as a teaser rate on a home mortgage? I mean other than an ARM which is competely explained to you in agonizing detail when you sign a mortgage?
Could we maybe just come up with a new law or 2. Do we really need another government agency?

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One Response to “We need a new government agency to get consumer information about loans?”

  1. tracer Says:

    yeah, it’s called ACORN, they’ll get anyone anything.