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Home » Store » Taxable » Denver Softens High-Cost Bill Under Heavy Lender Pressure

Denver Softens High-Cost Bill Under Heavy Lender Pressure

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Pressure from the banking industry has caused Denver officials to modify pending hard line anti-predatory lending proposals. City officials backed off from their request for proposals which would have barred banks engaged in predatory lending from doing business with the city. An aggressive banking industry lobby led by Wells Fargo & Co., a parent company to several subprime lending subsidiaries and holder of the city's banking contract, managed to obtain a favorable last-minute change that
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