New Ban Predatory Financing Work (H. Mel Watt (NC) that have Associate. Brad Miller (NC) and you may Agent. Barney Frank (MA) Cosponsored by 65 people in Congress as well as CBC people Representative. Sanford Bishop (GA), Representative. Corrine Brown (FL), Agent. G.K. Butterfield (NC), Rep. Julia Carson (IN) page, Del. Donna Christensen (VI), Rep. Wm. Lacy Clay (MO), Associate. James Clyburn (SC), Agent. John Conyers (MI), Agent. Elijah Cummings (MD), Agent. Artur Davis (AL), Representative. Chaka Fattah (PA), Associate. Harold Ford Jr. (TN), Representative. Al Green (TX), Representative. Jesse Jackson Jr. (IL), Agent. Sheila Jackson-Lee (TX), Agent. William Jefferson (LA), Associate. Eddie Bernice Johnson (TX), Agent. Stephanie Tubbs Jones (OH), Associate. Carolyn Kilpatrick (MI), Agent. Barbara Lee (CA), Representative. John Lewis (GA), Rep. Cynthia McKinney (GA), Associate. Kendrick Meek (FL), Representative. Gregory Meeks (NY), Agent. Gwen Moore (WI), Del. Eleanor Holmes Norton (CD), Associate. Significant Owens (NY), Rep. Donald Payne (NJ), Agent. Charles Rangel (NY), Rep. Bobby Rush (IL), Agent. David Scott (GA), Agent. Bobby Scott (VA), Agent. Bennie Thompson (MS), Associate. Edolphus Places (NY), Associate. Maxine Oceans (CA), Agent. Diane Watson (CA), Agent. Mel Watt (NC), and you will Associate. Al Wynn (MD)
A bill so you’re able to ban anybody, in connection with good subprime federally related real estate loan, regarding delivering home loan financing service or home loan brokerage qualities unless of course for example body is official because of the Assistant of Property and Metropolitan Advancement possesses been properly trained with reference to subprime financing
A bill so you can enforce restrictions and you will limits for the highest-cost mortgages, in order to update the brand new permissible costs and you can costs towards the certain types of finance, so you can exclude unjust or inaccurate lending practices, in order to permit personal degree and you will guidance from the predatory lenders. Known as the fresh new Miller-Watt-Honest costs.
Help home ownership and in control credit (H.Ripoff.Res. 127) 110th Congress Lead by the Representative. Elijah Cummings (MD) Cosponsored because of the Representative. Keith Ellison (MN)
A good concurrent resolution stating the feeling regarding Congress that laws and regulations should getting passed one covers buyers who were subjects out of unethical home loans and you may loan providers.
Giving support to the purpose of improved and you can sustainable homeownership in the Joined Says (H.Scam.Res. 392) 110th Congress Put of the Associate. Alcee Hastings (FL) Cosponsored from the 8 other people in Congress together with CBC players Rep. Sanford Bishop (CA), Representative. Artur Davis (AL), Representative. Al Green (TX), Representative. Carolyn Kilpatrick (MI), Rep. Kendrick Meek (FL), Associate. Stephanie Tubbs Jones (OH), and you can Agent. Barbara Lee (CA)
A good concurrent resolution giving support to the goal of enhanced and you will sustainable homeownership in the usa and taking the necessity of homeownership apps, reasonable financing legislation, and you can reasonable construction laws into the gaining you to definitely objective.
Fudge in depth a tight degree system for home loans and agents just who procedure subprime financing and a smooth process getting filing problems against unethical agents and you will agencies
Accepting the newest disparities that will be of this predatory lending in the minority communities (H.Fraud.Res. 391) 110th Congress Lead of the Yvette Clarke (NY) Cosponsored by Agent. Edolphus Metropolitan areas (NY)
A beneficial concurrent resolution recognizing new disparities which might be associated with the predatory financing abuses during the minority teams and expressing the feeling of the Congress that since the latest violations continue steadily to arise, instance laws and regulations is make certain that all those accountable for symbolizing and you will securing household have the power to do something to address such the brand new difficulties.
Home loan Reform and Anti-Predatory Credit Operate (H.R. 1728) 111th Congress Produced by the Agent. Mel Watt (NC) with Agent. Brad Miller (NC) and you may Agent. Barney Frank (MA) Cosponsored by four other members of Congress
A bill so you’re able to reform user home loan means and gives liability for such as for example techniques and also to provide specific minimal criteria getting individual mortgage loans.
Representatives Maxine Oceans (CA-43) and pioned the challenge of reasonable financing because of the initiating legislation so you’re able to give in control lending practices. Within the 2001, Agent. Waters, a chief into financial points in the Congress and you can blunt critic out-of predatory lending means, brought brand new Protecting The Communities off Predatory Credit Work. The bill is actually aimed at securing individuals of shedding house to predatory credit by the, among other things, prohibiting lenders out of to make false, deceptive, or mistaken statements otherwise direction people with the greater risk financing than just they will if not be eligible for. In her own 2009 Predatory Home loan Lending Techniques Cures Operate, CBC settee Associate.
A costs to help you approve the latest Assistant out-of Casing and Urban Creativity and work out gives so you’re able to States, units away from local government, and you may nonprofit teams to have counseling and you may training software to your protection away from predatory financing in order to establish a toll-totally free phone number having problems away from predatory credit.
