House Committee on Banking and Financial Services ↔ predatory lending

Relations (1)

cross_type 2.32 — strongly supporting 3 facts

The House Committee on Banking and Financial Services is actively investigating and legislating against predatory lending, as evidenced by their stated intent to address the issue [1] and the testimony provided by experts like Bill Brennan [2]. The committee is balancing these regulatory efforts with industry concerns regarding credit availability [3] and [4].

Facts (3)

Sources

Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services 3 facts

perspectiveChairman Leach of the House Committee on Banking and Financial Services stated that despite concerns about credit availability, the abuses associated with predatory lending must be addressed.

perspectiveRepresentatives of the lending industry have advised the House Committee on Banking and Financial Services that any new regulatory approaches to predatory lending should be designed to avoid reducing the overall availability of credit.

claimThe House Committee on Banking and Financial Services intends to address predatory lending through a combination of stricter enforcement of existing regulations and the introduction of new legislation.