16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures #545091-00965

Submission Number:
545091-00965
Commenter:
Mr William Shirey
State:
AL
Initiative Name:
16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures

It's time to be honest with consumers and do away with "fine print" you can barely see. Condense all loan agreements to basic facts without all the legaleze crap that only an attorney could decipher. Spell out the "terms of agreement" in language that the average person can understand and comprehend with all fees and penalties clearly defined, clearly understood, and WITHOUT THE NEED OF A MAGNIFYING GLASS OR AN ATTORNEY.