New Orleans When we can muster up the attention span to read past the latest Mueller investigation activity and the Trump tantrums, we can see what Congress is doing to try to make life easier for the banks and gut Dodd-Frank requirements that force them to pay more attention in class rather than going the …
Tag: subprime loans
Credit Card Act Shows a Win for Disclosures to Consumers
New Orleans I have to confess I have often been skeptical of programs claiming to protect consumers that trumpet transparency as a major feature of the reform. I can show the scars still from negotiations with predatory lenders and tax preparation companies, who would easily agree to full disclosure of their effective interest rates and …
Mortgage Brokers Wrest Free of Real Regulatory Reform
New Orleans On the eve of the subprime meltdown in 2007 in Orange County, I met with a co-founder and the new CEO, general counsel, and some of the board members of the high flying mortgage player, New Century, along with several ACORN leaders from California, and ACORN’s national housing directors. We listened to crazy …