Despite Reports, Predatory Lending Bill Not Coming Soon as Consensus on Key Issues Remains Elusive
September 28, 2006
Those waiting for new federal legislation aimed at curbing predatory lending can come back from the edge of their seats: rumors that a new compromise proposal would be introduced this week appear unfounded. Reports that a new predatory lending proposal would be offered soon began to swirl last week after Rep. Spencer Bachus, R-AL, chairman of the House Financial Services Subcommittee on Housing and Community Opportunity, told reporters after a recent conference that his staff was putting the...