Roentgen. 1182) 109th Congress Put by Associate
This new Prohibit Predatory Lending Operate (H. Mel Watt (NC) that have Associate. Brad Miller (NC) and you will Agent. Barney Frank (MA) Cosponsored by the 65 people in Congress plus CBC professionals Associate. Sanford Bishop (GA), Associate. Corrine Brown (FL), Agent. G.K. Butterfield (NC), Associate. Julia Carson (IN), Del. Donna Christensen (VI), Rep. Wm. Lacy Clay (MO), Agent. James Clyburn (SC), Associate. John Conyers (MI), Associate. Elijah Cummings (MD), Agent. Artur Davis (AL), Rep. Chaka Fattah (PA), Agent. Harold Ford Jr. (TN), Agent. Al Green (TX), Rep. Jesse Jackson Jr. (IL), Agent. Sheila Jackson-Lee (TX), Associate. William Jefferson (LA), Rep. Eddie Bernice Johnson (TX), Agent. Stephanie Tubbs Jones (OH), Associate. Carolyn Kilpatrick (MI), Agent. Barbara Lee (CA), Representative. John Lewis (GA), Representative. Cynthia McKinney (GA), Representative. Kendrick Meek (FL), Agent. Gregory Meeks (NY), Agent. Gwen Moore (WI), Del. Eleanor Holmes Norton (CD), Representative. Significant Owens (NY), Representative. Donald Payne (NJ), Rep. Charles Rangel (NY), Agent. Bobby Hurry (IL), Associate. David Scott (GA), Rep. Bobby Scott (VA), Rep. Bennie Thompson (MS), Rep. Edolphus Towns and cities (NY), Representative. Maxine Waters (CA), Agent. Diane Watson (CA), Representative. Mel Watt (NC), and Representative. Al Wynn (MD)
A statement in order to exclude people, about the an excellent subprime federally relevant mortgage loan, off getting home loan financing service otherwise financial brokerage characteristics except if such as for example body is specialized by the Secretary off Property and you can Urban Development and it has come adequately given it mention of subprime lending
A statement so you’re able to enforce limits and you may limitations on highest-rates mortgage loans, to revise the permissible costs and you can charges into certain kinds of funds, to help you exclude unjust otherwise misleading lending methods, and also to allow for personal degree and you can counseling on the predatory lenders. Called brand new Miller-Watt-Frank costs.
Help owning a home and you will responsible financing (H.Ripoff.Res. 127) 110th Congress Introduced of the Agent. Elijah Cummings (MD) Cosponsored by Agent. Keith Ellison (MN)
Good concurrent resolution stating the feeling out of Congress one to statutes would be to end up being introduced one to protects people who had been subjects off unscrupulous lenders and lenders.
Supporting the goal of enhanced and renewable homeownership in the Joined States (H.Fraud.Res. 392) 110th Congress Put from the Representative. Alcee Hastings (FL) Cosponsored from the 8 almost every other members of Congress together with CBC players Agent. Sanford Bishop (CA), Rep. Artur Davis (AL), Representative. Al Green (TX), Representative. Carolyn Kilpatrick (MI), Rep. Kendrick Meek (FL), Rep. Stephanie Tubbs Jones (OH), and you will Representative. Barbara Lee (CA)
An effective concurrent resolution supporting the purpose of enhanced and you may alternative homeownership in the usa and you will taking the importance of homeownership applications, reasonable credit guidelines, and you will reasonable homes laws from inside the achieving that goal.
Fudge outlined a rigid degree system for mortgage brokers and you will representatives exactly who issue subprime financing together with a streamlined process having processing grievances up against unethical brokers and agents
Recognizing the disparities which might be on the predatory credit from inside the fraction groups (H.Con.Res. 391) 110th Congress Introduced of the Yvette Clarke (NY) Cosponsored because of the Rep. Edolphus Cities (NY)
A good concurrent resolution acknowledging the fresh disparities that will be associated with predatory financing violations in the minority groups and you can expressing the feeling of one’s Congress one since the the fresh violations still arise, such as laws is always to make sure that every one of these responsible for symbolizing and you may protecting families feel the authority to behave to handle these types of new trouble.
Home loan Reform and Anti-Predatory Credit Operate (H.Roentgen. 1728) 111th Congress Lead from the Associate. Mel Watt (NC) that have Associate. Brad Miller (NC) and Associate. Barney Honest (MA) Cosponsored from the four other members of Congress
A bill so you’re able to change user mortgage strategies and offer liability having such as for instance methods and to provide particular lowest standards having consumer mortgages.
Representatives Maxine Waters (CA-43) and you can pioned the trouble regarding reasonable lending by the releasing legislation so you can bring in control lending means. For the 2001, Associate. Oceans, a chief to the financial situations when you look at the online loans Candlewood Isle Congress and you can blunt critic of predatory financing strategies, introduced the new Protecting Our very own Communities away from Predatory Financing Operate. The balance is actually geared towards securing individuals of dropping house in order to predatory credit of the, on top of other things, prohibiting lenders out of making false, misleading, otherwise misleading statements or steering customers to your higher risk funds than they might if not qualify for. Within her 2009 Predatory Financial Credit Methods Reduction Work, CBC sofa Associate.
A bill in order to authorize the fresh new Secretary out-of Houses and you may Metropolitan Invention and come up with gives to help you States, devices of state, and nonprofit organizations getting counseling and you can degree software on the protection from predatory lending and also to establish a toll-totally free telephone number to possess issues off predatory credit.