More bank news…

Posted by: Live Smart   
June 30th,
2009

Incidentally we heard back from Senator Nelson and in his letter he noted that good place to get additional help with issues with banks is your own state representatives. This suggestion fits very well with yesterday’s Supreme Court decision that states can apply some of their own laws to big national banks operating within their borders. This a decision  was called by proponents a huge win for consumers and for states seeking more power to regulate financial activities. Read more here.

It will be interesting to see if the now defunct states usury limit laws will start to be applied again. Read more about the usury law and where your state stands.

Stay tuned about this exciting new development.

This entry was posted on Tuesday, June 30th, 2009 at 4:25 pm and is filed under Money. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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