D.C.
House Passes Mortgage Reform and Anti-Predatory Lending Act of 2009-H.R. 1728
May 8, 2009 by Vicky · Leave a Comment
Washington, DC – The House of Representatives today overwhelmingly approved legislation to curb abusive and predatory lending – a major factor in America’s highest home foreclosure rate in 25 years. H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009, will outlaw many of the egregious industry practices that marked the subprime lending boom. It represents a key step in the overhaul of the nation’s financial regulations.
