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July 20, 2010

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Alaska Consumer Protection News

NAMB Consumer Protection Chair Calls for Simpler Mortgage Disclosure

Creating a simpler mortgage process with clear disclosure of all fees was a consistent theme during testimony by the National Association of Mortgage Brokers (NAMB) at a hearing conducted by the Federal Reserve Bank this week in Atlanta.

Kate Crawford, Chair of NAMB's Consumer Protection and Affordable Housing Committee, represented the association and stated that one of the toughest hurdles in the home buying process is shopping for the right loan.

"Unfortunately, the approved disclosure documents for rate, fees, costs and points can be confusing and overburdened with legalese," said Crawford. "In addition, only mortgage brokers disclose all costs to the consumer. Until there is a uniform way to disclose costs and everyone is fully transparent about their fees it will continue to be difficult for consumers to comparison shop in a meaningful way." Read more at rismedia.com

Contact a Alaska Consumer Protection lawyer today and get a free consultation!

Did You Know?

Warranties and guarantees are a manufacturer’s or seller’s promise to stand behind its product or service.

	Newsroom
	Latest news about Consumer Protection cases in Alaska and nationwide: Nixon Moves To Protect Consumers In Joplin Attorney General Jay Nixon today obtained a temporary restraining order to freeze the assets of a Joplin furniture store that closed suddenly last ... Read more > National Restaurant Company Settles FTC Charges For Deceptive Gift Card Sales Darden Restaurants Inc., which owns restaurant chains Olive Garden, Red Lobster, Smokey Bones, and Bahama Breeze, has agreed to settle Federal Trad... Read more > Content Industries and Sharman Networks Settle All Global Litigation SYDNEY – Sharman Networks Ltd. announced today that an historic turning point has been reached for both technology and content industries... ... Read more > More Consumer Protection News >

Consumer Protection Lawyers.com Terms

Today's Terms

Small Claims Court

Definition:
Small claims courts resolve disputes involving claims for small amounts of money. While the maximum amounts that can be claimed or awarded differ from state to state, court procedures generally are simple, inexpensive, quick and informal.

Counterfeit Drugs

Definition:
Pay attention to packaging. Check for altered or unsealed containers, or changes in the packaging or label. If you know the size shape, color, and taste of the medications you take, you will more easily identify possible counterfeits.

Travel Fraud

Definition:
Pay with a credit card. Fraudulent travel operators take the money and run, and even legitimate companies can suddenly go out of business. Protect yourself by paying with a credit card so you can dispute the charges if the promises aren’t kept.

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Consumer Resources

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Consumer Hot Topics

Topics Related to Consumer Protection:

Automobile Repair
Buying a Car
Buying a Hearing Aid
Buying or Selling a Home
Cable Television
Charitable Giving

Alaska Consumer-Protection Attorney

If you live in the following cities and need an Consumer-Protection attorney you should contact our Consumer-Protection Attorney as soon as possible:

Anchorage
Bethel
Chugiak
Eagle River
Fairbanks
Juneau
Kenai

Ketchikan
Kodiak
North Pole
Palmer
Sitka
Soldotna
Wasilla

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