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Letter to House Financial Services Committee Re: Responsible Lending Act

April 11, 2005
Responsible_Lending
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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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Associate Director, Strategic Communications
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