On August 15, Karen Suter, N.J. Commissioner of Banking and Insurance held a hearing on predatory lending. Consumers League doesn't want anyone's grandmother to be subjected to predatory lending. State government's primary duty is protect its citizens against scams and unconscionable practices, and not to protect fringe lenders from legitimate consumer complaints. One might expect N.J. State Government to enforce the criminal usury laws.
Predatory lending is a civil rights issue.
We hope that Commissioner Suter takes positive pro- consumer steps to enforce the laws. Centennial Dinner Thank you to the many people who made the Consumers League's Centennial Dinner in May a success. Linda Galodner, Director of the National Consumers League, gave the keynote address on the challenges of consumer protection in the next century. Representative Bill Pascrell inserted a tribute to Consumers League in the Congressional Record . So as Consumers League starts year 101, we are rededicated to the simple justice of the consumer cause.