On the recordMarch 20, 2003
To ensure that yield spread premiums are fully disclosed to consumers, that consumers determine whether and how to use them, and that consumers receive the full benefit of any such payment.
Richard Shelby: “To ensure that yield spread premiums are fully disclosed to consumers, that consumers determine whether and how to use…”
Editor's note · Context
Discussing the need for consumer protection regarding yield spread premiums.
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We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.
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As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.
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A lot of people, including this Senator, believe that the request is not enough considering the problems in the world.
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