Moore's Regulation View Decried Federal Credit Insurance Power at Issue

Summary

---

By DIANA MARRERO

Washington -- Rep. Gwen Moore, who says her own experience with predatory lending drew her to politics, is raising the ire of consumer advocates for trying to stop a proposed consumer protection agency from regulating credit insurance.

See the full content of this document

Extract

---

Moore's Regulation View Decried Federal Credit Insurance Power at Issue

Sold in connection with major purchases such as homes, cars and furniture, credit insurance is designed to pay off loans on big- ticket items when a borrower dies, becomes disabled or loses a job. But buyers often don...

See the full content of this document

---