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MEDIA room Recent News Coverage Consumer Press Releases Financial Press Releases Speeches & Opinions Fact Sheet Press Kit Speeches & Opinions
When Congress begins debating whether to create the Consumer Financial Protection Agency that the Obama administration is recommending, I expect we will hear some familiar arguments. Attempts to protect borrowers from confusing lending products - and from themselves - have been ongoing since well before the current credit-fueled economic crisis.
The Internet has made it so easy to communicate that many people are willing to exchange their financial information online and then "chat" with a certified counselor to help solve their financial crisis.
I've been with Consumer Credit Counseling Service for 12 years, and over the course of those twelve years, I have had the same introductory conversation hundreds of times. I'll be at my daughter's school, or in the grocery store, or at a networking event and someone will ask what I do. "Why I work for consumer credit counseling service" I'll reply and they will inevitably respond, "oh, that's great . . . now what exactly is it that you do?"
Good morning, everyone. I would like to address three issues this morning: First, our service to residents of metro Atlanta; second some emerging trends that we are seeing among our clients; and third, where we see the economy going.
Before I discuss our view of the current mortgage crisis, I’d like to introduce you to the work of the organization I oversee through the voice of one of our clients facing foreclosure. While we read almost daily about the rising number of foreclosures in every corner of our country, not many of us get much closer to the problem than that.
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