{"id":863,"date":"2010-03-08T13:16:02","date_gmt":"2010-03-08T13:16:02","guid":{"rendered":"https:\/\/nybankruptcy.net\/main\/?p=863"},"modified":"2019-05-07T08:46:48","modified_gmt":"2019-05-07T08:46:48","slug":"do-we-really-need-a-consumer-finance-protection-agency-toyotas-example-indicates-yes","status":"publish","type":"post","link":"https:\/\/nybankruptcy.net\/main\/do-we-really-need-a-consumer-finance-protection-agency-toyotas-example-indicates-yes\/","title":{"rendered":"Do we really need a Consumer Finance Protection Agency?  Toyota&#8217;s example indicates &#8220;YES&#8221;"},"content":{"rendered":"<figure id=\"attachment_865\" aria-describedby=\"caption-attachment-865\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2010\/03\/ewarren.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-865\" title=\"EWarren\" src=\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2010\/03\/ewarren.jpg\" alt=\"\" width=\"250\" height=\"200\"><\/a><figcaption id=\"caption-attachment-865\" class=\"wp-caption-text\">Professor Elizabeth Warren: Head of the TARP Oversight Panel&#8211;a real person who is actually fighting for the creation of the Consumer Finance Protection Agency<\/figcaption><\/figure>\n<p>There&#8217;s a great cartoon on the <strong>Center for Responsible Lending&#8217;s<\/strong> website that points out the silliness of the arguments against the creation of a <strong>Consumer Finance Protection Agency (CFPA)<\/strong>.<\/p>\n<p>The gist of the cartoon is that if Toyota and the auto industry made the same arguments being used by opponents of the CFPA, there would be nobody to call out Toyota when it has a manufacturing problem that&#8217;s putting people at danger.&nbsp; For that matter, the same analogy applies to toy makers who were importing toys from China that had lead paint in them.<\/p>\n<p>It is in pretty much all of our interests to have a CFPA.&nbsp; It not only protects us individually from sneaky lending practices, it protects our society and our economy from getting harmed in a large-scale manner which can harm all of us, as it&#8217;s doing right now.<\/p>\n<p>The banking and lending industry clearly cannot be trusted to regulate itself.&nbsp; Yet it grows stronger and more sophisticated each year.&nbsp; As a result, it&#8217;s time for the creation of the CFPA.<\/p>\n<p>If you&#8217;re seeking your own consumer protections&#8211;in the form of filing for bankruptcy in New York, with debt negotiation, foreclosure issues or overly aggressive creditors&#8211;please <a href=\"http:\/\/www.nybankruptcy.net\/main\/contact\/\" target=\"_blank\" rel=\"noopener noreferrer\">contact me<\/a> for a <strong>free initial consultation<\/strong> and I\u2019ll be happy to share the benefit of my 30 years of New York business bankruptcy experience to help you navigate the process and get the full benefit and protection of the bankruptcy laws if you need them.<\/p>\n<h2 style=\"text-align: center;\"><a href=\"http:\/\/www.nybankruptcy.net\/main\/contact\/\" target=\"_blank\" rel=\"noopener noreferrer\">Contact Bruce Weiner, Esq.<\/a><\/h2>\n<p><strong><a href=\"http:\/\/www.nybankruptcy.net\/main\/contact\/\" target=\"_blank\" rel=\"noopener noreferrer\">EMAIL Bruce Weiner<\/a><\/strong><br \/>\n<strong>Phone<\/strong><br \/>\n(718) 855-6840 (Local)<br \/>\n(866) 402-8476 (Toll Free)<br \/>\n<strong>Fax<\/strong> (718) 625-1966<\/p>\n<p><em>Go to&nbsp;<a href=\"https:\/\/nybankruptcy.net\/main\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Bankruptcy Attorney Brooklyn NY<\/strong><\/a><\/em><em><strong>&nbsp;<\/strong>t<\/em><em>o learn more about <a href=\"http:\/\/www.nybankruptcy.net\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Rosenberg Musso &amp; Weiner LLP<\/strong><\/a> and\/or to set up a free consultation.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s a great cartoon on the Center for Responsible Lending&#8217;s website that points out the silliness of the arguments against the creation of a Consumer Finance Protection Agency (CFPA). The gist of the cartoon is that if Toyota and the auto industry made the same arguments being used by opponents of the CFPA, there would &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/nybankruptcy.net\/main\/do-we-really-need-a-consumer-finance-protection-agency-toyotas-example-indicates-yes\/\"> <span class=\"screen-reader-text\">Do we really need a Consumer Finance Protection Agency?  Toyota&#8217;s example indicates &#8220;YES&#8221;<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[16,7,8],"tags":[2,17,19,21,4,32,69,54,9,51,52,35,55],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Do we really need a Consumer Finance Protection Agency?<\/title>\n<meta name=\"description\" content=\"There&#039;s a great cartoon on the Center for Responsible Lending&#039;s website that points out the silliness of the arguments against the creation of a Consumer\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nybankruptcy.net\/main\/do-we-really-need-a-consumer-finance-protection-agency-toyotas-example-indicates-yes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do we really need a Consumer Finance Protection Agency?\" \/>\n<meta property=\"og:description\" content=\"There&#039;s a great cartoon on the Center for Responsible Lending&#039;s website that points out the silliness of the arguments against the creation of a Consumer\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nybankruptcy.net\/main\/do-we-really-need-a-consumer-finance-protection-agency-toyotas-example-indicates-yes\/\" \/>\n<meta property=\"og:site_name\" content=\"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner\" \/>\n<meta property=\"article:published_time\" content=\"2010-03-08T13:16:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-07T08:46:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2010\/03\/ewarren.jpg\" \/>\n<meta name=\"author\" content=\"Matt Leichter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matt Leichter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/do-we-really-need-a-consumer-finance-protection-agency-toyotas-example-indicates-yes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/do-we-really-need-a-consumer-finance-protection-agency-toyotas-example-indicates-yes\/\"},\"author\":{\"name\":\"Matt Leichter\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/75d08d648836eaa13b64bf21273bf4e7\"},\"headline\":\"Do we really need a Consumer Finance Protection Agency? 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