Brand new Ban Predatory Lending Operate (H. Mel Watt (NC) with Associate. Brad Miller (NC) and you can Representative. Barney Frank (MA) Cosponsored because of the 65 members of Congress along with CBC professionals Associate. Sanford Bishop (GA), Representative. Corrine Brownish (FL), Rep. G.K. Butterfield (NC), Rep. Julia Carson (IN), Del. Donna Christensen (VI), Rep. Wm. Lacy Clay (MO), Associate. James Clyburn (SC), Associate. John Conyers (MI), Agent. Elijah Cummings (MD), Agent. Artur Davis (AL), Associate. Chaka Fattah (PA), Rep. Harold Ford Jr. (TN), Associate. Al Green (TX), Representative. Jesse Jackson Jr. (IL), Representative. Sheila Jackson-Lee (TX), Representative. William Jefferson (LA), Rep. Eddie Bernice Johnson (TX), Representative. Stephanie Tubbs Jones (OH), Associate. Carolyn Kilpatrick (MI), Rep. Barbara Lee (CA), Associate. John Lewis (GA), Associate. Cynthia McKinney (GA), Rep. Kendrick Meek (FL), Associate. Gregory Meeks (NY), Agent. Gwen Moore (WI), Del. Eleanor Holmes Norton (CD), Rep. Major Owens (NY), Representative. Donald Payne (NJ), Associate. Charles Rangel (NY), Rep. Bobby Hurry (IL), Representative. David Scott (GA), Rep. Bobby Scott (VA), Agent. Bennie Thompson (MS), Agent. Edolphus Locations (NY), Rep. Maxine Oceans (CA), Associate. Diane Watson (CA), Associate. Mel Watt (NC), and you can Representative. Al Wynn (MD)
A statement so you’re able to prohibit anybody, concerning a good subprime federally associated home loan, out of taking home loan credit solution or mortgage brokerage properties until such as for instance body is formal because of the Secretary of Casing and Urban Innovation and contains already been effectively trained with mention of the subprime lending
A bill so you can enforce restrictions and you can restrictions to your high-prices mortgage loans title loan Alaska, so you can inform the fresh new permissible fees and you will fees to the certain kinds of fund, so you’re able to ban unjust otherwise misleading financing methods, and permit societal studies and guidance throughout the predatory loan providers. Called brand new Miller-Watt-Honest costs.
Help owning a home and in control lending (H.Con.Res. 127) 110th Congress Introduced from the Agent. Elijah Cummings (MD) Cosponsored because of the Representative. Keith Ellison (MN)
An excellent concurrent resolution expressing the feeling out of Congress you to regulations will be end up being passed that handles consumers who had been victims regarding dishonest lenders and loan providers.
Supporting the goal of improved and you can green homeownership about Joined States (H.Swindle.Res. 392) 110th Congress Put of the Associate. Alcee Hastings (FL) Cosponsored from the 8 other members of Congress including CBC professionals Associate. Sanford Bishop (CA), Representative. Artur Davis (AL), Representative. Al Environmentally friendly (TX), Agent. Carolyn Kilpatrick (MI), Representative. Kendrick Meek (FL), Rep. Stephanie Tubbs Jones (OH), and Agent. Barbara Lee (CA)
A beneficial concurrent solution giving support to the aim of increased and alternative homeownership in the united states and you can accepting the necessity of homeownership programs, fair lending legislation, and you can reasonable homes guidelines within the finding one to purpose.
Fudge intricate a rigid degree program for lenders and you can representatives whom issue subprime finance as well as a smooth techniques to have filing grievances up against unethical brokers and representatives
Taking new disparities which can be of this predatory financing from inside the minority organizations (H.Con.Res. 391) 110th Congress Delivered from the Yvette Clarke (NY) Cosponsored from the Rep. Edolphus Metropolitan areas (NY)
An effective concurrent resolution acknowledging brand new disparities which might be associated with the predatory financing abuses in the minority communities and you may saying the sense of your own Congress that as the new violations consistently arise, such as laws and regulations is to make certain these responsible for representing and you may securing families have the expert to behave to deal with this type of brand new issues.
Mortgage Change and you will Anti-Predatory Financing Work (H.Roentgen. 1728) 111th Congress Introduced of the Agent. Mel Watt (NC) that have Representative. Brad Miller (NC) and Representative. Barney Frank (MA) Cosponsored from the five other people in Congress
A statement to reform individual financial strategies and provide responsibility to possess eg methods as well as bring certain lowest requirements getting user mortgages.
Agencies Maxine Seas (CA-43) and you may pioned the trouble out-of reasonable lending from the opening statutes so you can offer in control lending practices. Into the 2001, Representative. Waters, a leader into monetary activities inside the Congress and you can outspoken critic regarding predatory financing strategies, produced the Protecting All of our Groups out-of Predatory Lending Work. The bill try geared towards protecting consumers out of dropping house to predatory financing by the, on top of other things, prohibiting mortgage lenders from to make not true, inaccurate, otherwise mistaken comments or direction consumers to the higher risk loans than they would otherwise be eligible for. In her own 2009 Predatory Mortgage Lending Techniques Reduction Act, CBC couch Rep.
A bill in order to authorize new Assistant regarding Casing and you can Urban Invention while making offers so you’re able to States, products of state government, and you may nonprofit groups to have guidance and you may education applications toward reduction from predatory lending and also to expose a cost-free phone number to own issues regarding predatory lending.