Tougher Anti-Predatory Lending Bill Gets Mixed Reviews from Compliance Experts
April 2, 2009
Legislation introduced last week that would overhaul mortgage regulations and impose tougher consumer protections on the mortgage industry is getting negative reviews both from compliance experts and consumer groups. H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009, is described as a tougher version of a bill which the House passed back in 2007 with...