The fresh new Ban Predatory Financing Act (H. Mel Watt (NC) with Associate. Brad Miller (NC) and you will Agent. Barney Frank (MA) Cosponsored because of the 65 people in Congress in addition to CBC players Rep. Sanford Bishop (GA), Agent. Corrine Brownish (FL), Associate. Grams.K. Butterfield (NC), Representative. Julia Carson (IN), Del. Donna Christensen (VI), Representative. Wm. Lacy Clay (MO), Rep. James Clyburn (SC), Rep. John Conyers (MI), Representative. Elijah Cummings (MD), Rep. Artur Davis (AL), Agent. Chaka Fattah (PA), Agent. Harold Ford Jr. (TN), Associate. Al Green (TX), Rep. Jesse Jackson Jr. (IL), Rep. Sheila Jackson-Lee (TX), Representative. William Jefferson (LA), Associate. Eddie Bernice Johnson (TX), Agent. Stephanie Tubbs Jones (OH), Representative. Carolyn Kilpatrick (MI), Representative. Barbara Lee (CA), Agent. John Lewis (GA), Representative. Cynthia McKinney (GA), Rep. Kendrick Meek (FL), Representative. Gregory Meeks (NY), Associate. Gwen Moore (WI), Del. Eleanor Holmes Norton (CD), Agent. Big Owens (NY), Rep. Donald Payne (NJ), Representative. Charles Rangel (NY), Associate. Bobby Hurry (IL), Representative. David Scott (GA), Representative. Bobby Scott (VA), Associate. Bennie Thompson (MS), Representative. Edolphus Metropolises (NY), Representative. Maxine Waters (CA), Associate. Diane Watson (CA), Rep. Mel Watt (NC), and you will Agent. Al Wynn (MD)
An expenses so you’re able to ban anyone, about the a great subprime federally relevant mortgage, regarding bringing home loan financing solution otherwise financial brokerage qualities unless instance body’s official because of the Secretary regarding Property and you can Metropolitan Invention and it has become properly given it regard to subprime lending
An expenses to https://speedycashloan.net/installment-loans-ct/ impose constraints and you can restrictions on the high-prices mortgages, so you can modify brand new permissible charge and you can fees towards certain kinds of money, to help you prohibit unjust otherwise deceptive credit means, and enable societal education and you may counseling in the predatory loan providers. Labeled as the latest Miller-Watt-Frank bill.
Support owning a home and you may in control lending (H.Swindle.Res. 127) 110th Congress Lead by the Agent. Elijah Cummings (MD) Cosponsored by Rep. Keith Ellison (MN)
A great concurrent resolution declaring the feeling regarding Congress one legislation will be getting passed you to handles customers who had been subjects away from unethical home loans and lenders.
Giving support to the aim of increased and you will sustainable homeownership throughout the United Claims (H.Con.Res. 392) 110th Congress Put by Representative. Alcee Hastings (FL) Cosponsored of the 8 other members of Congress as well as CBC players Rep. Sanford Bishop (CA), Agent. Artur Davis (AL), Rep. Al Green (TX), Associate. Carolyn Kilpatrick (MI), Representative. Kendrick Meek (FL), Rep. Stephanie Tubbs Jones (OH), and you can Rep. Barbara Lee (CA)
A great concurrent resolution supporting the purpose of enhanced and you can green homeownership in america and you may acknowledging the necessity of homeownership applications, reasonable lending legislation, and you will reasonable casing laws and regulations during the achieving that goal.
Fudge detail by detail a rigorous degree program having mortgage brokers and you may agents whom issue subprime funds plus a streamlined techniques to have filing issues facing dishonest brokers and agencies
Taking the newest disparities that are with the predatory credit in the fraction communities (H.Fraud.Res. 391) 110th Congress Lead because of the Yvette Clarke (NY) Cosponsored by Rep. Edolphus Towns (NY)
A beneficial concurrent solution taking the fresh new disparities that will be in the predatory financing violations within the minority organizations and you may expressing the sense of your own Congress you to as the brand new violations consistently arise, particularly legislation is make sure that every one of these responsible for representing and securing family members feel the expert to behave to deal with this type of the dilemmas.
Mortgage Change and Anti-Predatory Credit Act (H.Roentgen. 1728) 111th Congress Delivered by the Agent. Mel Watt (NC) which have Rep. Brad Miller (NC) and you may Associate. Barney Frank (MA) Cosponsored of the four other members of Congress
An expenses in order to reform consumer home loan means and supply accountability to have such methods as well as to give certain minimum criteria getting individual mortgage loans.
Representatives Maxine Seas (CA-43) and you will pioned the situation away from fair lending because of the unveiling laws and regulations so you can offer in control financing methods. In 2001, Agent. Oceans, a commander into the financial circumstances from inside the Congress and outspoken critic out-of predatory financing techniques, introduced the fresh Securing The Groups out-of Predatory Credit Operate. The balance is intended for protecting consumers off dropping property so you’re able to predatory credit by the, among other things, prohibiting lenders from and come up with not the case, misleading, otherwise mistaken comments otherwise steering consumers towards greater risk loans than just they will or even be eligible for. In her own 2009 Predatory Mortgage Credit Techniques Protection Act, CBC couch Agent.
A bill to help you authorize the Assistant away from Casing and you can Urban Creativity while making provides so you can States, systems regarding state government, and you may nonprofit teams for counseling and you may knowledge programs towards avoidance of predatory credit also to establish a cost-totally free phone number having issues from predatory financing.