Agent009 submitted on 5/13/2010 Auto Spies Photos Timestamp: 11:25:46 AM
Views : 8,352 | Category: Misc News | Source: | SOURCE: www.reuters.com
President Barack Obama on Wednesday assailed a proposed amendment to a financial reform bill that would exempt auto dealers from oversight by a new consumer protection agency.Auto dealerships, who arrange financing for virtually all car loans in the United States, do not want to be lumped in with banks and other lenders that would fall under scrutiny of the new watchdog."This amendment would carve out a special exemption for these lenders that would allow them to inflate rates, insert hidden fees into the fine print of paperwork, and include expensive add-ons that catch purchasers by surprise," Obama said in a statement. 2011 BMW New Product Showcase2011 BMW 5-Series USA Production Photo Gallery2010 Hyundai Tucson Photo Gallery2010 Beijing Motor Show Photo Gallery2011 Ford Fiesta Photo Gallery2011 MB E-Class Conv. Photo Gallery2011 BMW X5 Photo GalleryAutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on FacebookRead Article
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"Normal is an illusion. What's normal for the spider is chaos for the fly."— Agent009 (View Profile)
"Normal is an illusion. What's normal for the spider is chaos for the fly."
— Agent009 (View Profile)
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