Protection from predatory lenders

Posted: Updated:

While the economy is slowly on the way to recovery, predatory lending remains a huge issue -- especially here in Arizona.

At a news conference this afternoon, Arizona Attorney General, Terry Goddard along with Pima County Supervisor, Richard Elias, and members of local consumer rights organizations. Spoke in support of a president barack obama's proposal for a federal agency that will help protect consumers from predatory lenders. The agency would reform our nation's current financial system, and create a new system of lending.

The new system, or agency, would ensure information provided to customers by banks and mortgage companies would be simple, transparent, and accurate.