Tuesday, July 17, 2007

US House Democrats to offer predatory lending bill

(Reuters) - Rep. Keith Ellison of Minnesota, a member of the House
Financial Services Committee, said the legislation takes a
tough stand against predatory lending by state-regulated
mortgage brokers and is modeled after a new Minnesota law.




"They are the protections that we believe the rest of the
nation deserves as well," Ellison said in a statement.


Read more at Reuters.com Government Filings News

No comments: