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July 20, 2010
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Idaho Consumer Protection News

 

NAMB Consumer Protection Chair Calls for Simpler Mortgage Disclosure  

Creating a simpler mortgage process with clear disclosure of all fees was a consistent theme during testimony by the National Association of Mortgage Brokers (NAMB) at a hearing conducted by the Federal Reserve Bank this week in Atlanta.

Kate Crawford, Chair of NAMB's Consumer Protection and Affordable Housing Committee, represented the association and stated that one of the toughest hurdles in the home buying process is shopping for the right loan.

"Unfortunately, the approved disclosure documents for rate, fees, costs and points can be confusing and overburdened with legalese," said Crawford. "In addition, only mortgage brokers disclose all costs to the consumer. Until there is a uniform way to disclose costs and everyone is fully transparent about their fees it will continue to be difficult for consumers to comparison shop in a meaningful way." Read more at rismedia.com

 

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Did You Know?    
 
 
Phishing is a general term for criminals creation and use of e-mails and websites


 


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Latest news about Consumer Protection cases in Idaho and nationwide:

State Shuts Down Unlicensed Moving And Warehousing Company
A Kenilworth-based moving and warehousing company that continued to operate after it failed to renew its annual license and also failed to revise i...
Read more >


California Attorney General Bill Lockyer and Colorado Attorney General Ken Salazar Lead 45-state Effort to Challenge Decision Blocking National
(DENVER, COLO.) – California State Attorney General Bill Lockyer and Colorado Attorney General Ken Salazar today filed a "friend of the court" brie...
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FTC Joins International Law Enforcers in Announcing Newly Developed Cross-Border Fraud Guidelines
"Cross-border fraud, perpetrated through telemarketing, Web sites, and spam, harms consumers and consu...
Read more >


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Consumer Protection Lawyers.com Terms

 


Today's Terms

Warranties

Definition:
Warranties and guarantees are a manufacturer’s or seller’s promise to stand behind its product or service.

Fraud

Definition:
Intentional deception resulting in injury to another.

Implied warranties

Definition:
under state law, consumers are guaranteed certain implied warranties. A “warranty of merchantability” comes automatically with every sale and is the seller’s promise that a product is fit for its ordinary use.

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Consumer Resources

 


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Consumer Hot Topics

 
Topics Related to Consumer Protection:

  • Automobile Repair
  • Buying a Car
  • Buying a Hearing Aid
  • Buying or Selling a Home
  • Cable Television
  • Charitable Giving

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Idaho Consumer-Protection Attorney

 
If you live in the following cities and need an Consumer-Protection attorney you should contact our Consumer-Protection Attorney as soon as possible:

  • Blackfoot
  • Boise
  • Burley
  • Caldwell
  • Coeur D Alene
  • Eagle
  • Hayden
  • Idaho Falls
  • Jerome
  • Lewiston
  • Meridian
  • Moscow
  • Mountain Home
  • Nampa
  • Pocatello
  • Post Falls
  • Rexburg
  • Sandpoint
  • Twin Falls


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