Roentgen. 1182) 109th Congress Brought from the Agent

New Exclude Predatory Lending Act (H. Mel Watt (NC) which have Agent. Brad Miller (NC) and Representative. Barney Frank (MA) Cosponsored by the 65 members of Congress plus CBC players Rep. Sanford Bishop (GA), Rep. Corrine Brownish (FL), Representative. Grams.K. Butterfield (NC), Rep. Julia Carson (IN), Del. Donna Christensen (VI), Representative. Wm. Lacy Clay (MO), Representative. James Clyburn (SC), Associate. John Conyers (MI), Representative. Elijah Cummings (MD), Rep. Artur Davis (AL), Representative. Chaka Fattah (PA), Agent. Harold Ford Jr. (TN), Rep. Al Environmentally friendly (TX), Agent. Jesse Jackson Jr. (IL), Representative. Sheila Jackson-Lee (TX), Agent. William Jefferson (LA), Agent. Eddie Bernice Johnson (TX), Rep. Stephanie Tubbs Jones (OH), Rep. Carolyn Kilpatrick (MI), Representative. Barbara Lee (CA), Associate. John Lewis (GA), Representative. Cynthia McKinney (GA), Rep. Kendrick Meek (FL), Associate. Gregory Meeks (NY), Agent. Gwen Moore (WI), Del. Eleanor Holmes Norton (CD), Agent. Major Owens (NY), Representative. Donald Payne (NJ), Associate. Charles Rangel (NY), Associate. Bobby Rush (IL), Rep. David Scott (GA), Representative. Bobby Scott (VA), Associate. Bennie Thompson (MS), Associate. Edolphus Towns (NY), Representative. Maxine Waters (CA), Associate. Diane Watson (CA), Representative. Mel Watt (NC), and Agent. Al Wynn (MD)

A bill to help you exclude anybody, concerning the a good subprime federally relevant home loan, off delivering financial credit service or home loan brokerage attributes unless of course particularly person is certified because of the Assistant from Houses and you will Urban Development and also already been properly trained with mention of subprime financing

A costs to help you demand restrictions and limits toward high-prices mortgages, to change new permissible charges and you may costs into the certain kinds of finance, to help you prohibit unjust otherwise inaccurate financing methods, and allow for personal training and you can counseling on the predatory loan providers. Labeled as the Miller-Watt-Frank expenses.

Supporting owning a home and you may in charge lending (H.Ripoff.Res. 127) 110th Congress Put by Representative. Elijah Cummings (MD) Cosponsored of the Associate. Keith Ellison (MN)

A concurrent quality declaring the feeling from Congress you to guidelines should be introduced one covers people have been subjects from unscrupulous home loans and you will loan providers.

Giving support to the aim of enhanced and you will green homeownership about United States (H.Fraud.Res. 392) 110th Congress Put of the Agent. Alcee Hastings (FL) Cosponsored of the 8 other members of Congress along with CBC participants Representative. Sanford Bishop (CA), Associate. Artur Davis (AL), Representative. Al Eco-friendly (TX), Rep. Carolyn Kilpatrick (MI), Agent. Kendrick Meek (FL), Associate. Stephanie Tubbs Jones (OH), and you may Agent. Barbara Lee (CA)

A good concurrent resolution supporting the aim of enhanced and green homeownership in the us and taking the importance of homeownership apps, fair lending statutes, and you can fair housing guidelines inside gaining you to purpose.

Fudge intricate a rigid qualification program having home loans and agencies exactly who material subprime finance including a streamlined process to own filing grievances up against shady agents and agents

Acknowledging the latest disparities which can be regarding the predatory credit in the minority groups (H.Ripoff.Res. 391) 110th Congress Lead by the Yvette Clarke (NY) Cosponsored because of the Representative. Edolphus Metropolitan areas (NY)

Good concurrent resolution taking brand new disparities which might be of the predatory lending violations within the minority groups and you can saying the sense of Congress you to due to the fact the fresh new violations always emerge, instance laws and regulations would be to make sure all of these guilty of symbolizing and you will protecting group feel the expert to act to deal with this type of the latest dilemmas.

Home loan Change and you can Anti-Predatory Credit Work (H.R. 1728) 111th Congress Delivered by Representative. Mel Watt (NC) that have Agent. Brad Miller (NC) and you can Rep. Barney Honest (MA) Cosponsored from the five most other people in Congress

A statement to change consumer financial techniques and offer liability having instance strategies and to provide specific minimal standards getting user mortgage loans.

Agencies Maxine Waters (CA-43) and you can pioned the trouble off fair lending from the introducing laws so you can give in charge lending strategies. When you look at the 2001, Rep. Waters, a leader to the monetary products for the Congress and you will blunt critic from predatory financing strategies, introduced this new Securing Our very own Organizations off Predatory Credit Work. The balance are intended for protecting consumers regarding losing land in order to predatory financing by the, among other things, prohibiting mortgage lenders out of to make not the case, inaccurate, or mistaken comments otherwise direction customers into the greater risk money than just they might otherwise qualify for. Within her 2009 Predatory Financial Lending Means Prevention Work, CBC sofa Associate.

An expenses so you’re able to approve new Assistant away from Property and you will Urban Innovation to make has so you can Says, units out of state government, and you can nonprofit communities to own guidance and you can knowledge programs to your reduction regarding predatory lending and introduce a cost-100 % free number getting problems out-of predatory lending.