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Volume 20 - Number 11

May 26, 2009

No Predatory Lending Bill This Year As Senate Works on Other Issues

Congress will not likely pass anti-predatory lending legislation this year as the issue takes a back seat to other priority issues in the Senate. “It’s déjà vu all over again,” said an industry executive in reference to 2007, when the House of Representative sent a strong anti-predatory lending bill to the Senate only to see it die due to inaction. History appears...

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