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Thursday, September 10, 2009


stainless steel coil

The economic crisis experienced around the world was one unforgettable lesson we should keep in mind.Thus,should not happen again.We can see the importance of monitoring and control in many act especially on debt.

plumbing training

During a recession it is important people choose a career with potential and financial stability such as plumbing.

Credit markets do need to be regulated better, as public debt has got out of control. I agree with points you made.

tyre fitting machine

A lot of question has been asked after the recession but the center was on the right resolution.With the market and people affected by this crisis, answer is still questionable.


After experiencing the effect of recession,i personally asked myself what should be now?I mean many things to fix and get back to normal but also a lesson to assure yourself on your own way.

tyre changers

The past recession let us know the impact of certain acts.The main key is what we learned and what should be the changes now to avoid it to happen again.

In answer to the question, “… can current disclosures be strengthened and improved?” The answer is an overwhelming, “Yes!” The method of calculating the annual percentage rate (APR) used in the Truth in Lending Act (TILA) in 1968, when the act was passed, should be changed from the antiquated simple-interest, nominal APR (NAPR) to the mathematically-true, compounded [^], effective annual percentage rate (EAPR). It is as simple as changing in TILA the words “multiplied by” to “compounded for.” An extreme example of the deception of using the NAPR is a payday loan on which $100 is borrowed to be repaid in 14 days with $15 in interest. The NAPR is 391.071%, calculated as (15/100)*(365/14). The EAPR is 3,723.661%, calculated as ((1+(15/100))^(365/14))-1. TILA allows a tolerance of accuracy in expressing the APR of 1/8% (0.125%). The mathematically-true, EAPR is not merely slightly over 1 of those 0.125%s, it is 26,660 of those 0.125% over, calculated as (3,723.661%-391.071%/0.125% … ASTRONOMICALLY DECEPTIVE and Unconscionable. The Truth in Saving Act uses the EAPR and names it the Annual Percentage Yield (APY), so, why not the TILA, too?


Is this the conference mentioned on the Catholic U law school's website entitled "Critical Insights in the Law and Law Practice: Ethical and Moral Responsibility - The Future of Consumer Finance Regulation"? If so, it will be be held at the National Press Club, not at the law school.


Nice article.


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