Roentgen. 1182) 109th Congress Delivered of the Rep

The fresh new Ban Predatory Credit Act (H. Mel Watt (NC) with Associate. Brad Miller (NC) and Agent. Barney Frank (MA) Cosponsored because of the 65 people in Congress as well as CBC professionals Rep. Sanford Bishop (GA), Associate. Corrine Brownish (FL), Representative. Grams.K. Butterfield (NC), Agent. Julia Carson (IN), Del. Donna Christensen (VI), Rep. Wm. Lacy Clay (MO), Representative. James Clyburn (SC), Agent. John Conyers (MI), Agent. Elijah Cummings (MD), Rep. Artur Davis (AL), Associate. Chaka Fattah (PA), Representative. Harold Ford Jr. (TN), Agent. Al Green (TX), Associate. Jesse Jackson Jr. (IL), Agent. Sheila Jackson-Lee (TX), Agent. William Jefferson (LA), Agent. Eddie Bernice Johnson (TX), Rep. Stephanie Tubbs Jones (OH), Associate. Carolyn Kilpatrick (MI), Rep. Barbara Lee (CA), Agent. John Lewis (GA), Associate. Cynthia McKinney (GA), Associate. Kendrick Meek (FL), Agent. Gregory Meeks (NY), Associate. Gwen Moore (WI), Del. Eleanor Holmes Norton (CD), Agent. Big Owens (NY), Agent. Donald Payne (NJ), Rep. Charles Rangel (NY), Agent. Bobby Hurry (IL), Agent. David Scott (GA), Representative. Bobby Scott (VA), Associate. Bennie Thompson (MS), Associate. Edolphus Metropolises (NY), Representative. Maxine Waters (CA), Representative. Diane Watson (CA), Agent. Mel Watt (NC), and you can Associate. Al Wynn (MD)

A costs so you can ban any person, concerning a subprime federally relevant home mortgage, of providing mortgage lending provider or financial brokerage services until like body’s official by Assistant from Houses and you can Urban Development possesses been sufficiently trained with reference to subprime financing

An expenses in order to impose constraints and you will limits toward high-pricing mortgages, so you can enhance the fresh permissible charges and you can fees into certain kinds of loans, so you can prohibit unjust or misleading credit means, also to allow for societal training and you may guidance on the predatory lenders. Also known as the new Miller-Watt-Frank statement.

Support owning a home and you can in control credit (H.Swindle.Res. 127) 110th Congress Brought by the Representative. Elijah Cummings (MD) Cosponsored because of the Agent. Keith Ellison (MN)

An excellent concurrent solution declaring the feeling out-of Congress that legislation will be be passed one to covers people who have been sufferers off unscrupulous lenders and you will loan providers.

Supporting the aim of enhanced and you may green homeownership about Joined Says (H.Ripoff.Res. 392) 110th Congress Put by Rep. Alcee Hastings (FL) Cosponsored by the 8 almost every other members of Congress and additionally CBC users Rep. Sanford Bishop (CA), Rep. Artur Davis (AL), Rep. Al Environmentally friendly (TX), Representative. Carolyn Kilpatrick (MI), Agent. Kendrick Meek (FL), Rep. Stephanie Tubbs Jones (OH), and Agent. Barbara Lee (CA)

Good concurrent resolution supporting the goal of enhanced and you may green homeownership in the usa and you can acknowledging the significance of homeownership software, fair credit laws and regulations, and you can fair property statutes inside reaching one goal.

Fudge detail by detail a rigid qualification system to have mortgage brokers and you may agencies which point subprime loans in addition to a sleek procedure to have filing complaints against shady agents and you may agents

Accepting the disparities which might be in the predatory financing during the minority groups (H.Fraud.Res. 391) 110th Congress Introduced of the Yvette Clarke (NY) Cosponsored by Rep. Edolphus Locations (NY)

A concurrent resolution acknowledging the brand new disparities which can be with the predatory credit abuses inside fraction communities and stating the feeling of your own Congress one to because the new violations always appear, including laws and regulations is to guarantee that all these responsible for representing and you will securing family members have the authority to do something to deal with such the fresh troubles.

Financial Change and you will Anti-Predatory Credit Work (H.Roentgen. 1728) 111th Congress Put by Agent. Mel Watt (NC) that have Representative. Brad Miller (NC) and Associate. Barney Honest (MA) Cosponsored of the four almost every other members of Congress

A statement to reform consumer home loan strategies and gives responsibility to have like practices also to offer particular minimum conditions to have individual mortgages quick and fast loans online in Tariffville Connecticut.

Representatives Maxine Oceans (CA-43) and you may pioned the problem out of reasonable financing of the starting statutes in order to bring in charge financing strategies. Inside the 2001, Rep. Waters, a commander with the monetary items when you look at the Congress and you may blunt critic out of predatory credit practices, put new Protecting All of our Communities away from Predatory Lending Work. The bill is geared towards securing individuals of losing homes to help you predatory credit because of the, on top of other things, prohibiting lenders away from making incorrect, deceptive, or misleading statements otherwise direction people towards the greater risk money than just they might if you don’t be eligible for. Inside her 2009 Predatory Mortgage Lending Methods Cures Operate, CBC couch Associate.

A costs to approve the newest Secretary regarding Casing and you can Metropolitan Advancement while making provides so you can States, tools regarding state, and you will nonprofit teams for guidance and you will knowledge programs toward reduction out of predatory lending also to expose a toll-free telephone number having grievances from predatory financing.