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Home » Store » News » Calls for Preemptive U.S. Law Mount as Frustration Grows

Calls for Preemptive U.S. Law Mount as Frustration Grows

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Support from within the mortgage industry for federal legislation preempting the patchwork of state and local predatory lending legislation emerging across the country appears to be growing. The Mortgage Bankers Association of America has been getting calls in support of preemptive federal legislation from members who have become increasingly frustrated by the industry’s efforts to stem the legislative tide on the state and local levels, trade group officials acknowledged at the MBA’s recent annual convention
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