Anti-Abuse Laws Hurting Credit Access, Industry Studies Claim
September 17, 2004
Industry trade groups are touting new studies that they say demonstrate the ill effects of state and local anti-predatory lending laws on credit availability – and highlight the need for a federal predatory lending standard. The Mortgage Bankers Association this week released a study conducted by Abt Associates, a Cambridge, MA-based consulting firm, which showed a decline in lending to minority and low-income borrowers in North Carolina since…