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States Might Keep Rights Despite Court
The Supremes heard arguments this week on whether Washington bureaucrats can nix state consumer protection laws. Consumers have a poor track record on this issue in lower courts. So there's little reason for hope from the Court.
What one branch taketh away, another may give. Incoming Financial Services Chairman Rep. Barney Frank co-sponsored a predatory mortgage bill a while back, and promises new laws that will ensure former members of the middle class don't lose their homes to unfair lenders on the way down. And, judging from that bill, he will likely make sure that if a state wants to get even tougher, it can.
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