Long-awaited legislation that would create a national standard for predatory lending, scuttling state and local predatory lending laws, has finally surfaced on Capitol Hill. Dubbed the “Responsible Lending Act of 2005,” H.R. 1295, sponsored by Reps. Robert Ney, R-OH, and Paul Kanjorski, D-PA, is being hailed as a compromise that will protect consumers while allowing legitimate lenders to continue making subprime loans across the country. As of press time, 13 co-sponsors from both sides…