R. 1182) 109th Congress Delivered by Agent
The latest Exclude Predatory Lending Act (H. Mel Watt (NC) with Associate. Brad Miller (NC) and you can Associate. Barney Frank (MA) Cosponsored from the 65 people in Congress along with CBC players Rep. Sanford Bishop (GA), Rep. Corrine Brownish (FL), Associate. Grams.K. Butterfield (NC), Representative. Julia Carson (IN), Del. Donna Christensen (VI), Rep. Wm. Lacy Clay (MO), Representative. James Clyburn (SC), Associate. John Conyers (MI), Agent. Elijah Cummings (MD), Representative. Artur Davis (AL), Agent. Chaka Fattah (PA), Associate. Harold Ford Jr. (TN), Agent. Al Green (TX), Representative. Jesse Jackson Jr. (IL), Agent. Sheila Jackson-Lee (TX), Associate. William Jefferson (LA), Rep. Eddie Bernice Johnson (TX), Associate. Stephanie Tubbs Jones (OH), Representative. Carolyn Kilpatrick (MI), Associate. Barbara Lee (CA), Associate. John Lewis (GA), Associate. Cynthia McKinney (GA), Representative. Kendrick Meek (FL), Agent. Gregory Meeks (NY), Rep. Gwen Moore (WI), Del. Eleanor Holmes Norton (CD), Agent. Significant Owens (NY), Rep. Donald Payne (NJ), Associate. Charles Rangel (NY), Associate. Bobby Hurry (IL), Representative. David Scott (GA), Agent. Bobby Scott (VA), Associate. Bennie Thompson (MS), Rep. Edolphus Places (NY), Rep. Maxine Oceans (CA), Representative. Diane Watson (CA), Representative. Mel Watt (NC), and you may Representative. Al Wynn (MD)
A costs in order to exclude any person, regarding the a good subprime federally relevant home loan, regarding getting home loan lending service or mortgage broker characteristics until such as body’s authoritative by Secretary from https://simplycashadvance.net/personal-loans-ky/ Property and you will Urban Advancement and has now already been sufficiently trained with regard to subprime financing
A bill so you’re able to enforce constraints and you can constraints towards high-costs mortgage loans, so you can update this new permissible fees and you will charges to your certain kinds of funds, so you’re able to ban unfair otherwise deceptive lending practices, and allow for social knowledge and counseling about predatory loan providers. Also known as the fresh Miller-Watt-Honest statement.
Help home ownership and you will in control financing (H.Ripoff.Res. 127) 110th Congress Brought by the Representative. Elijah Cummings (MD) Cosponsored from the Agent. Keith Ellison (MN)
A beneficial concurrent resolution expressing the sense off Congress you to definitely laws is always to be enacted one to protects customers who were subjects out of unethical mortgage brokers and lenders.
Giving support to the aim of increased and green homeownership regarding United Claims (H.Ripoff.Res. 392) 110th Congress Delivered by the Associate. Alcee Hastings (FL) Cosponsored because of the 8 almost every other members of Congress in addition to CBC users Rep. Sanford Bishop (CA), Agent. Artur Davis (AL), Representative. Al Eco-friendly (TX), Rep. Carolyn Kilpatrick (MI), Associate. Kendrick Meek (FL), Representative. Stephanie Tubbs Jones (OH), and you can Representative. Barbara Lee (CA)
A beneficial concurrent quality giving support to the goal of improved and you can sustainable homeownership in the usa and you will accepting the significance of homeownership software, reasonable lending laws and regulations, and you will fair houses laws and regulations for the gaining one mission.
Fudge in depth a strict certification program to possess mortgage brokers and agents which material subprime funds including a sleek process to have filing complaints up against shady brokers and representatives
Accepting the newest disparities that are associated with the predatory financing when you look at the minority organizations (H.Fraud.Res. 391) 110th Congress Put because of the Yvette Clarke (NY) Cosponsored by Agent. Edolphus Towns (NY)
An effective concurrent resolution acknowledging the brand new disparities that are for the predatory credit abuses inside the minority groups and you will stating the sense of one’s Congress one to just like the the brand new abuses always emerge, for example regulations is to guarantee that all these accountable for representing and you can securing family members feel the power to behave to deal with this type of this new trouble.
Mortgage Change and Anti-Predatory Credit Act (H.Roentgen. 1728) 111th Congress Introduced by the Associate. Mel Watt (NC) with Rep. Brad Miller (NC) and you can Rep. Barney Frank (MA) Cosponsored from the four most other people in Congress
A statement to reform consumer mortgage practices and offer accountability getting such as for instance strategies and to give particular lowest criteria to have consumer mortgage loans.
Agencies Maxine Waters (CA-43) and you may pioned the trouble off fair financing by the opening statutes to bring in control credit means. In the 2001, Agent. Waters, a frontrunner with the financial products into the Congress and you can blunt critic of predatory financing strategies, lead the fresh Securing Our Groups out of Predatory Credit Act. The bill try intended for protecting individuals of losing home to help you predatory credit from the, among other things, prohibiting mortgage lenders of and then make false, misleading, otherwise misleading comments or steering consumers to the greater risk loans than simply they might if not qualify for. Inside her 2009 Predatory Financial Lending Strategies Protection Operate, CBC couch Representative.
A statement in order to authorize the fresh Assistant of Construction and you can Urban Invention and also make grants in order to Says, equipment out-of local government, and nonprofit groups getting counseling and education programs into the avoidance away from predatory financing and also to establish a cost-totally free contact number to own grievances regarding predatory financing.