Consumer Protection and the Credit Crisis
February 26, 2009
10:00 AM SR 253
10:00 AM SR 253
The Committee will examine Consumer Protection and the Credit Crisis and enforcement against fraudulent credit repair schemes under the Credit Repair Organization Act (CROA).
Specifically, the Committee will examine consumer protection in credit counseling, debt management, and foreclosure rescue programs and fraud. The Committee will also examine oversight of the federal authorities, protecting distressed consumers from mortgage fraud scams, and steering families away from these fraudulent schemes toward a path of financial stability.
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Testimony
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The Honorable Pamela Jones Harbour
CommissionerFederal Trade CommissionDownload Testimony (1.07 MB)
Witness Panel 2
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Mr. Prentiss Cox
Associate Clinical Professor of LawUniversity of Minnesota Law SchoolDownload Testimony (702.49 KB) -
Mr. Travis Plunkett
Legislative DirectorConsumer Federation of AmericaDownload Testimony (295.79 KB) -
Mrs. Nancy Dix
ConsumerDownload Testimony (95.35 KB) -
Mr. Bill Himpler
Executive Vice President, Federal Government AffairsAmerican Financial Services AssociationDownload Testimony (47.95 KB)