Maybe there’s some hope for action against the fine-print Fagins:
Loan sharks are called mobsters. Thieving legitimate lenders are called capitalists — free to impose any terms short of kneecapping on their troubled borrowers. Washington treated capitalist sharks as role models and beloved campaign contributors — that is, until the economy collapsed and debtors (aka voters) emitted a collective scream.
Now, maybe, borrowers might catch a break. There is serious talk in Congress and the White House about creating a Financial Products Safety Commission, charged with protecting consumers and the country from the depredations of irresponsible lending.
The whole thing is worth a read.