monitor lending institutions for loan sharking, credit limit adjusting, and fee assessment.

Credit card and financial companies need to be monitored so they are helping their customers to be able to use their services in a wise manner. In todays economy credit companies are lowering credit limits and adding fees to balances to keep the balance over the limit so they can charge more fees. This changes a revolving credit account into a revolving interest account. The minimum payment due should be large enough to cover a noticable amount of the principal so the consumer can work at solving their debt. They need to be monitored to insure that when the borrower does reach a settlement with the lender it is promptly recorded electronically and filed with credit reporting agenies. Credit agencies should not be allowed to make 600% interest.