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Candidates' Positions and Views |
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for:
U.S. Senate, Colorado |
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November 2004 General Election |
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Candidates positions and views on other Issues where information is available: |
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The report below lists the candidate responses to Consumers issue questions. The responses were provided by Wayne Allard, Ben Nighthorse Campbell, Douglas "Dayhorse" Campbell, Pete Coors, Victor Good, Finn Gotaas, John R. "Rob" Harris, Richard Randall and Ken Salazar or were obtained from their websites. The candidates select the issues and questions for which they want to provide a response. The first link is a report of all the issues and questions made available to the candidates. Many issues and questions had no responses - links are only provided where we have information. If there are many candidates for this office, you may have to scroll down to compare all responses. |
| Consumers |
Wayne Allard - R
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Ben Nighthorse Campbell - R
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Douglas "Dayhorse" Campbell - C
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| Consumer Fraud and Protection |
The Securities and Exchange Commission has been active in combating securities and investment fraud aimed at seniors. The SEC convened the first ever Senior Summit last year to help develop strategies that safeguard senior's financial security. This year's Senior Summit hopes to integrate more of our national resources and expand on the three pronged strategy that was developed last year -- aggressive enforcement efforts, targeted examinations, and education.
For many seniors their home is the most valuable asset they own, also making it a target. Unscrupulous lenders use false or misleading sales tactics to make high-cost loans to seniors who are in need of cash. Victims often cannot afford the loan, and they may be pressured to refinance a loan repeatedly and pay high fees each time. Borrowers who pledge their house as collateral and can't repay the loan could lose the home in a foreclosure. Seniors should be wary of unsolicited offers of home equity loans or refinancing. Review all documents carefully before signing, and ask a family member or other neutral party for help reviewing them if necessary.
Sometimes the criminals are closer to home. Unfortunately even relatives and caregivers can prey on seniors in an attempt to bilk them out of their life savings and assets. Some seniors will not, or do not, report cases of fraud because they are ashamed or embarrassed because they have been taken advantage of by someone they trusted or loved. Victims of crime have nothing to be ashamed of and they should help prevent the victimization of others by reporting their situation to law enforcement.
Not one person or group can succeed in assembling a financial education system alone. It takes the cooperation of the government, private sector and individuals. I encourage you to utilize the many agencies and seniors groups that offer classes and seminars designed to protect seniors from financial fraud.
Source: allard.senate.gov/
public/index.cfm?FuseAction=Legislation.ViewIssue (04/21/2008) |
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| Financial Consumer Protection |
The Securities and Exchange Commission has been active in combating securities and investment fraud aimed at seniors. The SEC convened the first ever Senior Summit last year to help develop strategies that safeguard senior's financial security.
Seniors must show due diligence when selecting the right investments and financial advisors for themselves. Seniors should not feel intimidated asking questions of others when it comes to investing their money because they have so much to lose.
For many seniors their home is the most valuable asset they own, also making it a target. Unscrupulous lenders use false or misleading sales tactics to make high-cost loans to seniors who are in need of cash. Victims often cannot afford the loan, and they may be pressured to refinance a loan repeatedly and pay high fees each time. Borrowers who pledge their house as collateral and can't repay the loan could lose the home in a foreclosure. Seniors should be wary of unsolicited offers of home equity loans or refinancing. Review all documents carefully before signing, and ask a family member or other neutral party for help reviewing them if necessary.
Sometimes the criminals are closer to home. Unfortunately even relatives and caregivers can prey on seniors in an attempt to bilk them out of their life savings and assets.
Some seniors will not, or do not, report cases of fraud because they are ashamed or embarrassed because they have been taken advantage of by someone they trusted or loved. Victims of crime have nothing to be ashamed of and they should help prevent the victimization of others by reporting their situation to law enforcement.
Not one person or group can succeed in assembling a financial education system alone. It takes the cooperation of the government, private sector and individuals. I encourage you to utilize the many agencies and seniors groups that offer classes and seminars designed to protect seniors from financial fraud.
Source: allard.senate.gov/
public/index.cfm?FuseAction=Legislation.ViewIssue (04/21/2008) |
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| These are available issue topics for which there were no responses. |
| Consumers, a General Statement |
| Credit Cards |
| Telemarketing |
| Credit Card Bill of Rights |
| Credit Card Company Practices |
| Credit Agencies |
| Truth In Lending |
| Insurance Industry |
| Payday Loans |
| Imported Products' Safety |
| Consumer Product Safety |
| Consumer Products Safety Commission |
| Consumers |
Pete Coors - R
Website
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Victor Good - REF
Website
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Finn Gotaas - U
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| These are available issue topics for which there were no responses. |
| Consumers, a General Statement |
| Credit Cards |
| Consumer Fraud and Protection |
| Telemarketing |
| Credit Card Bill of Rights |
| Credit Card Company Practices |
| Credit Agencies |
| Truth In Lending |
| Insurance Industry |
| Financial Consumer Protection |
| Payday Loans |
| Imported Products' Safety |
| Consumer Product Safety |
| Consumer Products Safety Commission |
| Consumers |
John R. "Rob" Harris - I
Website
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Richard Randall - L
Website
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Ken Salazar - D
Website
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| These are available issue topics for which there were no responses. |
| Consumers, a General Statement |
| Credit Cards |
| Consumer Fraud and Protection |
| Telemarketing |
| Credit Card Bill of Rights |
| Credit Card Company Practices |
| Credit Agencies |
| Truth In Lending |
| Insurance Industry |
| Financial Consumer Protection |
| Payday Loans |
| Imported Products' Safety |
| Consumer Product Safety |
| Consumer Products Safety Commission |