{"id":32490,"date":"2009-11-08T15:19:23","date_gmt":"2009-11-08T15:19:23","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/consumer_finance_bill_proceeds\/"},"modified":"2024-12-17T15:56:01","modified_gmt":"2024-12-17T20:56:01","slug":"consumer-finance-bill-proceeds","status":"publish","type":"post","link":"https:\/\/www.finchmccranie.com\/blog\/consumer-finance-bill-proceeds\/","title":{"rendered":"Consumer Finance Bill Proceeds In Congress"},"content":{"rendered":"<p>Our Atlanta consumer lawyers often have to inform wronged consumers that they have no remedy under the law. We see this very often in the investment, credit, and banking areas. Legislation that, if enacted, will  provide greater protection to investors was approved by a committee of the U.S. House of Representatives last week.<\/p>\n<p>At the same time, the full House approved a bill to accelerate restrictions on abusive practices by credit card companies that had been signed into law last May. That law was scheduled to take effect in February, but many banks and credit card companies are taking advantage of the delay by raising rates and fees before the practices are unlawful.  The House voted  to make the new law effective next month, but Senate approval is not certain.<\/p>\n<p>The bill is part of an effort to overhaul the financial regulatory system in response to the crisis in the financial markets. It would provide new powers and increased resources to the Securities and Exchange Commission. Importantly, it would give the SEC authority to end mandatory arbitration agreements that investors must sign with their brokers and financial advisers. It would establish a whistle-blower program for Wall Street employees designed to ferret out corruption in the financial sector. Similar provisions have been very successful in other areas such as health care and government contracting fraud.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.finchmccranie.com\/blog\/consumer-finance-bill-proceeds\/\"  title=\"Continue Reading Consumer Finance Bill Proceeds In Congress\" class=\"more-link\">Continue reading<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Our Atlanta consumer lawyers often have to inform wronged consumers that they have no remedy under the law. We see this very often in the investment, credit, and banking areas. Legislation that, if enacted, will provide greater protection to investors was approved by a committee of the U.S. House of Representatives last week. At the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[44],"class_list":["post-32490","post","type-post","status-publish","format-standard","hentry","category-personal-injury-wrongful-death","tag-personal-injury"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consumer Finance Bill Proceeds In Congress &#8212; Trial Attorney Blog &#8212; November 8, 2009<\/title>\n<meta name=\"description\" content=\"Our Atlanta consumer lawyers often have to inform wronged consumers that they have no remedy under the law. We see this very often in the investment, &#8212; November 8, 2009\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finchmccranie.com\/blog\/consumer-finance-bill-proceeds\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Consumer Finance Bill Proceeds In Congress &#8212; Trial Attorney Blog &#8212; November 8, 2009\" \/>\n<meta name=\"twitter:description\" content=\"Our Atlanta consumer lawyers often have to inform wronged consumers that they have no remedy under the law. We see this very often in the investment, &#8212; November 8, 2009\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Finch McCranie, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Consumer Finance Bill Proceeds In Congress &#8212; Trial Attorney Blog &#8212; November 8, 2009","description":"Our Atlanta consumer lawyers often have to inform wronged consumers that they have no remedy under the law. 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We see this very often in the investment, &#8212; November 8, 2009","twitter_misc":{"Written by":"Finch McCranie, LLP","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.finchmccranie.com\/blog\/consumer-finance-bill-proceeds\/","url":"https:\/\/www.finchmccranie.com\/blog\/consumer-finance-bill-proceeds\/","name":"Consumer Finance Bill Proceeds In Congress &#8212; Trial Attorney Blog &#8212; November 8, 2009","isPartOf":{"@id":"https:\/\/www.finchmccranie.com\/blog\/#website"},"datePublished":"2009-11-08T15:19:23+00:00","dateModified":"2024-12-17T20:56:01+00:00","author":{"@id":"https:\/\/www.finchmccranie.com\/blog\/#\/schema\/person\/4c607d19a3fdb947c462210c077ff4a4"},"description":"Our Atlanta consumer lawyers often have to inform wronged consumers that they have no remedy under the law. 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