Consumer Protector News Today

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Its a very fundamental violation of a very easy law to understand and that is a deceptive trade practice. deceiving consumers, and in this case homeowners about whether or not and who owns their note and the mortgage is the most basic consumer protection right they have. and thats what i am. im a prosecutor and a consumer protector. thats what i get paid to do. and thats why im on this. >> beau biden, attorney general of the state of delaware, thank you for taking the time to talk with us about ...

Chancellory court. mers, weve issued subpoenas, as you know, early on, in early phases of this. theyve been cooperative. well see how that goes going forward once a complaint is filed. eric snyderman in new york has issued subpoenas out of the new york attorney generals office. from what i read in the press, martha coakley is investigating mers. i think youll see other attorneys general do the same. >> it is inspiring and encouraging to witness your actions and to learn through them and your col...

And general schneidermans office wont continue to try to do it. im attacking this problem at this level because it seems like its a very fundamental violation of a very easy law to understand and that is a deceptive trade practice. deceiving consumers, and in this case homeowners about whether or not and who owns their note and the mortgage is the most basic consumer protection right they have. and thats what i am. im a prosecutor and a consumer protector. thats what i get paid to do. and thats ...

That doesnt mean that my office and general schneidermans office wont continue to try to do it. im attacking this problem at this level because it seems like its a very fundamental violation of a very easy law to understand and that is a deceptive trade practice. deceiving consumers, and in this case homeowners about whether or not and who owns their note and the mortgage is the most basic consumer protection right they have. and thats what i am. im a prosecutor and a consumer protector. thats w...

President is doing? >> i like the consolidation of consumer protection into one place, although i want to be sure that the consumer protector is not so independent that the balance of solvency of banks, because stockholders have not been well protected, lust like consumers lately, that thats balance. i like the consolidation of bank regulator. we had do many of them. i think the strengthening the powers of the fed is useful, though, i would point out in the recent crisis the fed didnt use all th...

I dont know if anyone objects to that. even the trial bar doesnt want to see frivolous lawsuits being brought. the idea youre going to wipe them outaltogether doesnt make any sense. we lose 100,000 people a year because of medical errors in this country. 100,000 a year. the idea that youre going to excuse that or make it the exercise is going to be something you have to pay a price for. i think thats a mistake. having a sense of balance about it makes sense. i think the president has done that. ...

States to see if we cant do a better job of reducing the frivolous lawsuits where they exist. i think its a major step forward. it needs resources. the president offered that today as one of the suggestions. i dont know if anyone objects to that. even the trial bar doesnt want to see frivolous lawsuits being brought. the idea youre going to wipe them out all together doesnt make any sense. we lose 100,000 people a year because of medical errors in this country. the idea that youre going to excus...

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