Industry Puts New Shine to Old Anti-PL Legislative Plan
April 15, 2002
The American Financial Services Association is developing legislation to help the subprime mortgage industry eliminate the patchwork of state and local anti-predatory lending laws that have sprung across the country. The AFSA measure is reported to be based on a draft mothballed three years ago due to internal conflict over key issues, including the financing of credit life insurance premiums.