// 30 Apr 2010 Update: Just The Facts: How and Why are Non-Financial Businesses Still Regulated by the Consumer Financial Protection Bureau?

Our new ad below.  Learn more at StopTheCFPA.com.

“Of course I allow my patients to pay in installments. They couldn’t afford orthodontics otherwise. Does that make me a financial company?”

Legislation that has passed the House and is pending in the Senate would create a new regulatory agency with the power to regulate a small business that allows its customers to pay in more than four installments or applies late fees --Senate Bill § 1027(a)(2)(B)(iii)-- This is the wrong way to fix financial regulation and the wrong way to protect consumers. Let’s get it right by working together on a commonsense solution without creating a new $410 million big government bureaucracy with powers to regulate businesses that had nothing to do with the financial crisis.