Print this    

During the subprime frenzy, many states moved ahead to pass stronger lending protections as the federal government dragged its feet. The states have led the way in closing loopholes in federal laws and weeding out abusive loan terms, such as excessive fees and prepayment penalties. The Center for Responsible Lending continues to work with partners and allies in many states to stop foreclosures and help ensure more responsible lending in the future.


Search Mortgage Lending - Policy & Legislation - States
Browse Mortgage Lending - Policy & Legislation - States
Items 6 - 10 of 18  Previous1234Next
  • Foreclosure as a Last Resort
    Published: Oct 21 2010      Issue: Mortgage Lending

    States are in a strong position to stabilize the housing market and prevent unnecessary foreclosures, and the best tool available is mandatory loss mitigation.

  • Allowing National Banks to Ignore State Lending Laws Encouraged Risky Lending
    Published: Oct 16 2009      Issue: Mortgage Lending

    UNC's Center for Community Capitalism finds that national banks increased subprime lending when they were allowed to ignore state laws (i.e., "preempt" state laws), and states with stronger lending...

  • State Attorneys General Call For The Creation of CFPA
    Published: Aug 17 2009      Issue: CFPB

    A geographically broad and bipartisan letter sent August 17 letter to key committee chairs in the U.S. House and U.S. Senate by 24 State Attorneys General, signals a strong state of support for the...

  • State attorneys general can punish federally chartered banks for violating state laws
    Published: Mar 4 2009      Issue: Mortgage Lending

    CRL's amicus briefs in support of the New York Attorney General in Cuomo v. The Clearing House Association, L.L.P. CRL, along with a number of consumer groups, argues that the National Bank Act's...

  • Massachusetts Fights "Exploding" Subprime Mortgages
    Published: Feb 26 2009      Issue: Mortgage Lending

    CRL applauds Massachusetts AG for using consumer protection laws, specifically the unfair or deceptive acts or practices (UDAP) law, to stop foreclosures on unfair subprime loans

Items 6 - 10 of 18  Previous1234Next