What Financial Reform Means to You
No more predatory lenders
The downside of these consumer protections?
By making mortgages less profitable for lenders, they could become tougher to get for borrowers.
For example, we’re already seeing stricter lending standards with higher required down payments.
and
Free credit scores
Consumers can already get a free look at thier credit histories once every year from the big three credit bureaus –
Experian, TransUnion and Equifax – by going to AnnualCreditReport.com.
In its earlier form, the new law had extended that ability to credit scores as well, offering one free look at our credit scores annually.
Money News
7/2010
posted by BethC at
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