Secondary Marketers Urge Congress to Enact National Standard on Predatory Lending
November 7, 2003
Trade groups representing investment banks and securities issuers have asked Congress to scuttle state laws that make loan buyers and assignees liable for the sins of loan originators. Testifying at a hearing this week convened by the House Financial Services Subcommittees on Housing and Community Opportunity and Financial Institutions and Consumer Credit, officials from the Bond Market Association and the American Securitization Forum argued