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Home » Store » News » Groups Press for Changes in DC Predatory Lending Law

Groups Press for Changes in DC Predatory Lending Law

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Industry trade groups want regulators in the Nation’s Capital to clarify – and expand – requirements for an exemption to a controversial predatory lending ordinance. "We believe it is incumbent on the [DC Department of Banking and Financial Institutions] to make the regulations as clear and precise as possible to remove as much ambiguity as possible so that lenders and investors can assess whether they can deal with this substantively burdensome act," said the American
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