Recently, a bill proposed by Representative McCord and Senator Black seeks to amend the Consumer Protection Act so that businesses are not liable for any problems that occur after the transaction.
Clearly both lawmakers are being lobbied by the Bernie Madoff and Rudy Russo group of businessmen. This law would let ponzi scheme operators get off with only have to pay damages on the initial transaction fees, not the life savings that are transfered after the contract is signed. It also lets car dealers to get away with not paying off your trade-in after they sign a contract saying they will.
There are plenty of other examples of ways this bill would hurt consumers, such as if an insurance company wanted to illegally deny a claim, you would have no recourse as this transgression occurred after the purchasing transaction.
We encourage everyone to contact their senator and representative and tell them that Tennesseans deserve better than this.
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