after a fire breaks out on its roof structure. luckily no one was hurt. the water park remains closed and brett favre ending his football career on the sideline. favre is sitting out minnesota s game detroit. record street of starters ended december 13 because of shoulder problems. gregg: he is retiring? haven t we heard that before. i wouldn t count on it. new concern over the new credit card law discriminate ago huge group of americans, single income families and most particularly stay at home moms. new law is meant to protect from sleazy tricks but the law has unintended consequences. brenda butner, always great to see you.
protection bureau, which was one of the central aspects of financial reform, will empower all americans with the clear and concise information they need to make the best choices, the best financial decisions, for them and their families. never again will folks be confused or misled by the pages of barely understandable fine print that you find in agreements for credit cards or mortgages or student loans. the bureau is going to crack down on the abusive practices of unscrupulous mortgage lenders. it will reinforce the new credit card law that we passed, banning unfair rate hikes, and ensure that folks aren t unwittingly caught by overdraft fees when they sign up for a checking account. it will give students who take out college loans, clear information and make sure that lenders don t game the system. and it will ensure that every american receives a free credit score if they are denied a loan
well touch the lives of many, many of our viewers. if we go through what this new consumer protection agency is going to do. it s going to be overseeing various lenders, as you mentioned, making sure implementation of this new credit card law, all the new disclosure requirements, protect students over student loans. also, providing free credit scores to consumers. things the president has promised. they were in that wall street reform bill, but the key now is there really going to be a tough cop on the beat that s implementing what the president promised and what s written into law? interesting, the president decided to not name elizabeth warren, nominate her to the formal head of this new agency. that would ve required senate confirmation, as you know. republicans have blocked many of the president s nominees. there were some potential road blocks to her getting that. instead, she s going to be a top adviser setting up the new office. she s been tough on the big banks. but the questio
make the best choices, the best financial decisions, for them and their families. never again will folks be confused or misled by the pages of barely understandable fine print that you find in agreements for credit cards or mortgages or student loan. the bureau s going to crack down on the abusive practices of unscrupulous morage lenders and reinforce the new credit card law we passed banning unfair rate hikes and ensure folks aren t caught by overdraft fees when they sign up for a checking account. it will give students who take out college loans clear information and make sure that lenders don t game the system, and it will ensure that every american receives a free credit score if denied a loan or insurance because of that score. basically, the consumer financial protection bureau will be a watchdog for the american consumer.
maybe a cable bill every month. fixed costs, utilities that you know you ll have money for anyway but you re putting them on the credit card and paying them off automatically every month in full with a checking account that way you re still active and that s not the problem. the problems are people who just aren t using these cards at all. the new credit card law and the financial overall are restricting the way banks impose fees. but are they raising annual fees for good customers? yes. and i should say those annual fees are largely on these rewards cards where you re getting some benefit as the user. maybe it s cash back, miles, et cetera. the bottom line here for the customer, if they get a letter in the mail that say we re raising your annual fee $30 that was free last year, you need to look at the benefits and the costs. if the benefits outweigh the costs, you re still being, you re getting some money. acan you call and say i want to cancel the card? i don t always advise