| May 21, 2010

Senate approves large-scale financial industry overhaul

A wide-ranging overhaul of the way the federal government regulates the financial industry passed the U.S. Senate yesterday, which means that the measure is one step closer to becoming a settled law.

Many provisions of the bill were hotly debated until mere hours before its passage, and some critics still maintain that it subjects many segments of the finance industry to overbearing scrutiny and overreaching regulation. However, the bill’s proponents say that it is a long-overdue revamping of a threadbare regulatory system that allowed the country’s biggest banks to drag the entire economy into a damaging recession.

Some of the most liberal members of the Senate, in fact, insisted that the bill did not go far enough in curbing the excesses that have left countless Americans in deeply in debt and in need of credit consolidation.

Experts say that the down economy offered a valuable lesson to many Americans, who until the recession had tended to spend well beyond their means and accrue large amounts of debt. These practices set them up for serious financial difficulties in the future.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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