At the very least, negotiators need to eliminate the giveaways in the bill, require insurers to pay their fair share, reduce costs for taxpayers and make sure that they don't choke the fast-developing market for terror insurance. |
Bankruptcy is an important safety net that families hit by unforeseen circumstances depend upon, ... The federal government should be bending over backwards to help Katrina's victims get back on their feet, not throwing up new barriers to bankruptcy. |
Bankruptcy is an important safety net that families hit by unforeseen circumstances depend upon. The federal government should be bending over backwards to help Katrina's victims get back on their feet, not throwing up new barriers to bankruptcy. |
By almost every measure, consumers are paying far too much for credit insurance. The research shows very clearly that credit insurance is a very bad value. |
Credit card lenders are luring consumers onto a minimum-payment treadmill. Consumers don't have the information they need to get off of it. |
Everybody considering bankruptcy is broke. |
For some people, it's going to be not much of a change at all. |
I think the credit-card industry is reaching a tipping point, |
I think you're going to see a serious effort to include this provision either as a standalone bill or as relief legislation. |
If your credit card bills are completely out of control and far beyond your ability to afford them, then the relatively minor breaks that credit card companies offer to people in credit counseling may not provide enough breathing room for some people to afford a three- to five-year debt-management plan. |
It is possible some could read this and say, 'they're encouraging me to pay late,' ... Paying late is never a good deal. |
It's beginning to look like it doesn't help [debtors] in any way. It merely becomes an administrative burden. |
It's extremely lucrative for the insurers, much more so than other types of insurance. |
It's kind of like the wild west out there. |
Most issuers waited until at least mid-2005 or later. Credit-card companies should have started implementing this guidance a long time ago. They should have done so very gradually ... That hasn't happened. But we haven't been flooded with complaints, either. |