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Home » Store » News » Strong Laws, CRA, Potent Tools Against Loan Abuses

Strong Laws, CRA, Potent Tools Against Loan Abuses

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Strong legislation and closer scrutiny of a bank’s involvement in predatory lending as part of a Community Reinvestment Act performance exam can help curb abusive lending practices, according to a new ACORN study. Federal and state lawmakers, as well as local officials, should pass strong anti-predatory lending legislation to protect lower-income and minority communities from abusive lending practices, the study said.
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