Comment on CFPB-2012-0039-0001

I totally disagree with the bureau’s request to remove the language from consumers that are 21 and older. Based on current events the housing market, several “toxic” loans were granted to individuals who were over the age of 21and in the end; they were not able to commit to the terms of agreement which lead to the foreclosure crisis that we are currently facing. If these safeguards are removed, consumers will fall back in that same quagmire whereas they will attempt to live beyond their means. Additionally, current income is not always a perfect barometer to gage a individual’s or families’ economic status. Another (but not perfect) method is perhaps sustainable income will within a certain time period; per se a 5 year time-frame.