More unintended consequences. For doctors who offer payment plans for patients who can’t afford to pay up front, a new regulation by the government. It’s designed to “fix” problems, don’t you know:
Our new ad below. Learn more at StopTheCFPA.com.
“Of course I allow my patients to pay in installments. They couldn’t afford orthodontics otherwise. Does that make me a financial company?”
Legislation that has passed the House and is pending in the Senate would create a new regulatory agency with the power to regulate a small business that allows its customers to pay in more than four installments or applies late fees –Senate Bill § 1027(a)(2)(B)(iii)– This is the wrong way to fix financial regulation and the wrong way to protect consumers. Let’s get it right by working together on a commonsense solution without creating a new $410 million big government bureaucracy with powers to regulate businesses that had nothing to do with the financial crisis.