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Page 4 - Hayward Chp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KGO ABC 7 News At 1100AM July 21, 2010

outrageous credit card fees. if you have applied for a credit card a steend loan or mortgaged, you know the feeling of signing your name to pages of barely understandable fine print. what often happens as a result that many americans are caught by hidden fees and penalties. for the big banks, president says the overhaul is the most sweeping since the great depression. he says it forces lenders to be transparent and accountable to they can t bring the economy to its knees. this reform will help foster innovation, not hamper. it s designed to make sure that everybody fauls follows the same rumors, it s on quality, not on tricks and traps. it attacks abuses in the meort industry that led to the subprime mortgage crisis. we ll make sure the contracts are simpler, putting an end to hidden penalties and fees in complex mortgages. the bill moves quickly through the house but it took the defection of three republicans to pass it through the senate. republican leaders call

KOFY ABC 7 News July 21, 2010

barely understandable fine print. what often happens as a result that many americans e caught by hidden fees and penalties. for the big banks, president says the overhaul is the most sweeping since the great depression. he says it forces lenders to be transparent and accountable to they can t bri the economy to its knees. this reform will help foster innovation, not hamper. it s designed to make sure that everybody fauls follows the same rumors, it s on quality, not on tricksnd traps. it attacks abuses in the meort industryhat led to the subprime mortgage crisis. we ll make sure the contracts are simpler, putting an end to hidden penalties and fees in complex mortgages. the bill moves quickly through the housebut it took the defection of three republicans to pass it through the senate. republican leaders call it overkill and already they want it repealed. i think the financial reform bill is ill conceived. i think it s going to maintaining credit harder for americ

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