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Banking bill could weaken protections, lead to another financial crisis

Monday, March 5, 2018
Yana Miles | The Center for Responsible Lending
Yana Miles

It’s been a decade since the financial crisis led to the Great Recession, which cost millions of Americans their jobs, homes, and savings. The “sand states” of Florida, California, Arizona, and Nevada were especially hard hit. At the center of this storm was the foreclosure crisis, the direct result of reckless mortgage lending facilitated by lax regulation.