A proposed bill in the House was recently amended in committee. While many consumer groups are cheering the intent of the bill, which would establish a new Federal regulator called the Consumer Financial Protection Agency, some are worried that recent exemptions have watered down the bill dangerously.

The big debate at issue is whether car dealers should be subject to the same type of regulation as mortgages, credit cards, student loans and a host of other financial products. Consumers should be aware that whatever form the final bill takes, it probably won’t bring decisive change immediately. As with any agreement, be sure to read the fine print and ask plenty of questions.

As your local insurance agency we want to be there for you after you purchase your next car or home. If you are looking for sincere, quality coverage of your assets, call us today.
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