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Letter to House Financial Services Committee Re: Responsible Lending Act

April 11, 2005
Responsible_Lending
29.0 KB

If enacted, the bill would devastate current legal restrictions and likely would lead to an increase in predatory lending. In addition to preempting state laws of any kind protecting homeowners, the bill would dismantle current prohibitions against predatory lending in the federal law as well as key avenues of consumer redress.

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Experts
Tim Marvin
Campaign Manager
Suzanne Martindale
Senior Policy Counsel & Western States Legislative Manager
Pamela Banks
Senior Policy Counsel
Michael McCauley
Associate Director, Strategic Communications
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