Bond Market Association Backs Bid To Undo Big Apple Anti-Abuse Law
April 4, 2003
Wall Street has thrown its weight behind a court challenge to New York City’s anti-predatory lending ordinance. The backing came in the form of an amicus brief that the Bond Market Association filed last week in support of a lawsuit filed by Republican Mayor Michael Bloomberg. Bloomberg is suing to stop enforcement of Local Law 36, a measure enacted over his veto late last