This new Prohibit Predatory Financing Work (H. Mel Watt (NC) which have Rep. Brad Miller (NC) and you can Agent. Barney Honest (MA) Cosponsored of the 65 members of Congress as well as CBC participants Representative. Sanford Bishop (GA), Rep. Corrine Brown (FL), Rep. G.K. Butterfield (NC), Associate. Julia Carson (IN), Del. Donna Christensen (VI), Agent. Wm. Lacy Clay (MO), Rep. James Clyburn (SC), Rep. John Conyers (MI), Associate. Elijah Cummings (MD), Representative. Artur Davis (AL), Agent. Chaka Fattah (PA), Rep. Harold Ford Jr. (TN), Representative. Al Eco-friendly (TX), Representative. Jesse Jackson Jr. (IL), Agent. Sheila Jackson-Lee (TX), Agent. William Jefferson (LA), Agent. Eddie Bernice Johnson (TX), Representative. Stephanie Tubbs Jones (OH), Agent. Carolyn Kilpatrick (MI), Associate. Barbara Lee (CA), Associate. John Lewis (GA), Agent. Cynthia McKinney (GA), Representative. Kendrick Meek (FL), Representative. Gregory Meeks (NY), Associate. Gwen Moore (WI), Del. Eleanor Holmes Norton (CD), Rep. Big Owens (NY), Representative. Donald Payne (NJ), Agent. Charles Rangel (NY), Agent. Bobby Hurry (IL), Rep. David Scott (GA), Agent. Bobby Scott (VA), Representative. Bennie Thompson (MS), Rep. Edolphus Cities (NY), Representative. Maxine Oceans (CA), Rep. Diane Watson (CA), Associate. Mel Watt (NC), and you may Representative. Al Wynn (MD)
A bill so you can ban people, about the good subprime federally associated mortgage, out-of delivering mortgage credit services or home loan broker features unless particularly person is formal by the Secretary out of Property and you will Urban Innovation and also started sufficiently given it regard to subprime lending
An expenses to help you impose limitations and limits to the highest-cost mortgage loans, so you’re able to revision the newest permissible charge and charge toward certain kinds of financing, so you can ban unjust otherwise misleading lending means, and to permit public training and guidance regarding the predatory lenders. Also known as the Miller-Watt-Frank statement.
Supporting owning a home and you will in charge financing (H.Fraud.Res. 127) 110th Congress Introduced by Rep. Elijah Cummings (MD) Cosponsored from the Agent. Keith Ellison (MN)
A beneficial concurrent quality expressing the sense from Congress one regulations will be be enacted that handles people who were victims regarding unscrupulous mortgage brokers and loan providers.
Giving support to the purpose of improved and you can alternative homeownership regarding Joined Says (H.Fraud.Res. 392) 110th Congress Put by Associate. Alcee Hastings (FL) Cosponsored by 8 most other people in Congress together with CBC players Representative. Sanford Bishop (CA), Rep. Artur Davis (AL), Agent. Al Environmentally friendly (TX), Agent. Carolyn Kilpatrick (MI), Agent. Kendrick Meek (FL), Associate. Stephanie Tubbs Jones (OH), and you may Rep. Barbara Lee (CA)
A beneficial concurrent solution giving support to the aim of improved and you will renewable homeownership in america and you will acknowledging the necessity of homeownership programs, fair financing laws, and you will reasonable housing legislation when you look at the reaching one to objective.
Fudge outlined a rigid certification system to possess lenders and you may representatives whom question subprime money including a sleek techniques having processing issues against shady agents and you will representatives
Taking the fresh disparities which can be associated with predatory lending inside minority organizations (H.Con.Res. 391) 110th Congress Brought from the Yvette Clarke (NY) Cosponsored of the Associate. Edolphus Towns (NY)
An effective concurrent resolution taking the newest disparities that will be associated with predatory financing abuses from inside the fraction teams and you may stating the sense of your Congress you to because the the abuses continue steadily to emerge, eg regulations is to make sure these responsible for symbolizing and securing household feel the power to behave to handle this type of the newest troubles.
Financial Change and you will Anti-Predatory Financing Work (H.Roentgen. 1728) 111th Congress Lead https://simplycashadvance.net/loans/small-loans/ by Rep. Mel Watt (NC) that have Agent. Brad Miller (NC) and you may Associate. Barney Honest (MA) Cosponsored by five most other people in Congress
A statement to help you reform consumer financial practices and provide accountability having including practices also to render specific lowest standards to have consumer mortgage loans.
Agencies Maxine Seas (CA-43) and pioned the issue of fair financing by introducing rules in order to provide responsible financing methods. In the 2001, Representative. Seas, a leader toward monetary items inside the Congress and outspoken critic out-of predatory credit means, brought this new Protecting All of our Organizations of Predatory Financing Work. The bill is actually aimed at securing consumers out-of losing homes so you can predatory credit of the, on top of other things, prohibiting mortgage lenders out of to make false, inaccurate, otherwise mistaken statements or direction people with the higher risk financing than simply they might or even qualify for. In her 2009 Predatory Mortgage Lending Practices Cures Act, CBC couch Representative.
A bill in order to authorize this new Assistant regarding Housing and Metropolitan Innovation and then make gives to help you Claims, gadgets from state government, and you will nonprofit teams getting counseling and you can knowledge applications on the cures of predatory credit in order to present a toll-100 % free number to possess issues from predatory lending.