Representative Mel Watt (D-NC, 12th District) recently chaired a hearing of the House Financial Services Subcommittee on the topic "Rooting Out Discrimination in Mortgage Lending: Using HMDA as a Tool for Fair Lending Enforcement." After NCRC's President, John Taylor, testified before the committee, Sylvia Lake our VP of Legislative and Regulatory Affairs interviewed Chairman Watt about HMDA, Federal regulators, and anti-predatory lending legislation.
It's not just discrimination in predatory lending practices...its an epidemic deregulation processes which has allowed banks and other institutions to double and multiply interest rates on everything from loans to credit cards. We need presidential and congressional leadership to turn around this rape on our economy. Any leader who does nothing about this is no leader worth following.
sharonafox1 4 years ago