Congress needs to approve CFPA

Ever sit across the table from a loan officer, who peers at you over a tall stack of papers requiring your signature of acceptance? Or, have you clenched your magnifying glass to re-read the fine print, after having your card for years, only to discover that your credit car provider can indeed raise your interest rate for no apparent reason, or cancel your card altogether?

Whatever happened to the “Demo-gog” presidential campaign promise that the proposed Consumer Financial Protection Agency would make things simple for those of use not entirely fluent and vulnerable in lender language and its loopholes?

We shouldn’t blame president Obama. He had the right idea; he just forgot about the inept Congress and how easy it was for the banking lobby and special interests to influence them. Before the concept has even hit the group on the congressional floor, it has been compromised to the point that even Obama won’t recognize it.

God forbid our servants in Washington should keep the “big guys” in check and give us “little guys” a fighting chance. What a shame that an idea so well intentioned and needed gets lost in the House Financial Services Committee’s political “business as usual” agenda. How many other good ideas get morphed and digested in the bowels of our current corrupt Congress?

Here’s a concept … let’s ask our esteemed public servants for permission to implement the Consumer Financial Protection Agency, independent of the government.

Never mind, they already made it clear they weren’t interested. Surely eliminating their control and influence will create a truly “for the people” entity. Stop electing these relics.

LAURIE WADKINS

Priest River