First, almost everyone in the nation belongs to a bank. However, few know the rights they have and even fewer know the rights that banks deny them. Some creditors use the process of credit scoring to decide whether to give a loan or credit card (Alexander 1). The credit scoring system awards points for each factor, involving the consumer’s past credit history, the creditor finds important (Alexander 1). Creditors grant credit to the consumers with the most points because the points help figure out whom will have the best chances to pay back the debt (Alexander 1). The California Bankers Association rejected the Credit-score Access Bill (Showl

Thus, businesses realize the fact that being an American consumer coincides with certain rights. Although some businesses make the assumption that most consumers do not know their rights and are gullible. Some consumers tend to get too comfortable when dealing with healthcare agencies, making the assumption no one would dare take advantage of them. While it is true people may get overprotective with their money, it is also true that not many educate themselves concerning their rights with their bank. More often than not, consumers overlook incidents that violate their rights dealing with the service they receive. Yet despite the blame businesses may receive, it is a consumer's obligation to be educated on how they may be treated. If not, they leave themselves susceptible to violation of their rights. If consumers do not take on that responsibility then “the best consumers can do in the current environment is ‘redouble their efforts to shop more wisely’” (Nader 7).

However, there are also laws protecting consumers, “[w] hen [consumers] borrow money from a bank or deposit [their] money in a bank account, federal laws say [consumers] have a right to clear information on all terms and conditions. And if [consumers] are cheated, [they] have the right to seek damages” (Simon 3). Without this law, banks would have the freedom to change or keep a consumer’s financial information with no consequence. Consumers applying for a home loan do not realize that they might pay thousands of dollars extra in mortgage interest (Showley 2). However, that is only if they

ey 1). The new bill would require lenders to give people applying for loans their credit score and four reasons why it was not higher (Showley 1). The California Bankers Association believed that consumers would change their credit records to improve their scores (Showley 1). That is a lame excuse because all the bank would have to do is keep a copy of the credit records. That way if consumers did make changes the bank would have the original copy and could detect any false information. When SB 1607 was passed on October 2, 2000, consumers in California picked up the right to receive their specific credit scores (Reality Times 1). In ad

Some topics in this essay:
Reality Times, Stewart Lee, Insurance Brink, Rights Businesses, Rights Responsibilities, Bankers Association, America Republican, Bill Showley, consumers rights, President Clinton, Permanete’s Texas, dept health 1, dept health, health 1, healthcare providers, consumer protection, showley 1, rights consumers, alexander 1, times 1, reality times, reality times 1, “health information” 53, republican controlled congress, consumers rights consumers,