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Home » Store » Taxable » Senate Banking Chief Leaves Door Open on Preemption

Senate Banking Chief Leaves Door Open on Preemption

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The head of the Senate’s banking panel has predatory lending at the top of his agenda for next year. But he warned that lenders should not expect an easy federal solution to their mounting compliance problems at the state and local level. "My own view is that [predatory lending] can’t be addressed at the national level unless [lenders] address the substance of what the legislation is. To seek preemption at a low standard, it seems
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