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Home » Store » Taxable » Sarbanes Bill Won’t Contain Preemption, Says Top Aide

Sarbanes Bill Won’t Contain Preemption, Says Top Aide

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There will be no state override provision in legislation soon to be introduced by the chairman of the Senate Committee on Banking, Housing, and Urban Affairs to curb abusive lending practices, according to his top aide. Patience Singleton, counsel to the committee, said Senate Banking Committee Chairman Paul Sarbanes, D-MD, is not inclined to introduce legislation preventing states from passing stronger anti-predatory lending measures but may entertain preemption in exchange for a measure with
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