H.R. 4173 – Financial Reform
Restoring American Financial Security Act of 2010
This bill, which was sponsored by Senator Chris Dodd, will put in place new financial rules that will protect consumers from hidden fees, abusive terms, and deceptive practices; and ensure consumers have clear, accurate information they need to shop for mortgages, loans, and other financial products. This bill will hold stockbrokers and insurance agents, who give investment advice, accountable for acting in the best interest of thier customers and require them to disclose conflicts of interest that may bias that advice. Also, this bill will establish a watchdog that can crack down on fraud and abuse; and give regulators new tools to combat investment scams targeted at seniors and stregthen laws that hold scam artists accountable.
AARP recommended a "yes" vote on H.R. 4173.
Rep. Herseth Sandlin
Discounts & Benefits
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