Having strong protections in place for when people are truly wronged is an important part of the checks and balances system.
Washington, D.C. (PRWEB) January 05, 2012
Today, RoadFish.com men's financial and lifestyle magazine released their top tips for consumers. RoadFish felt many consumers are not aware of what resources they have and what to look out for when spending money. The economy has taken a hit and it is time everyone became educated on what it means to spend that all-mighty dollar and how to do it smart.
The release of RoadFish's tips comes right at the time the Consumer Financial Protection Bureau (CFPB) receives a director. The CFPB is listed as one of the resources touted by RoadFish.com. On January 4th, 2012, Obama appointed Richard Cordray in a recess appointment as the director of the CFPB. The CFPB was created to make sure consumers are treated fairly and protected.
As quoted by the editor of RoadFish, "I am excited that the U.S. government is taking a stronger stance on abusive practices by credit card companies. I think people need to pay their bills, and if they borrow money, they should pay it back. On the other hand, an individual can get totally lost if there is something truly wrong in the credit world, and they have no one to turn to. The big banks are not always as sensitive and caring as they should be. Having strong protections in place for when people are truly wronged is an important part of the checks and balances system."
Among listing the CFPB RoadFish also discusses how to be a smart consumer by doing research and seeking out the knowledge to make better decisions. They list performing a credit check, making sure you read the fine print on contracts, and overall understanding of what terms and conditions really mean.
RoadFish.com is an online men's magazine targeted toward men in their 30's and 40's that have already attained a moderate level of success in life, and are striving toward more. It goes over current events of interest to this group, such things as the new happening event, dating, as well as ways to make more and save more money. It is a publication owned by Purpose Inc.