Hope for Anti-Abuse Bill Dwindles as End Draws Near
Put aside any hope that a national standard on predatory lending will be enacted this year: industry attorneys and lobbyists are conceding that it’s not going to happen. But the table could be set for action next year, thanks to a strategy that the industry hopes will get predatory lending on a “short-list” of issues to be addressed by lawmakers in 2007. Whether that bill will be palatable to lenders is another matter. …