On the recordDecember 1, 2017
I thank the lady for yielding to me and for her continued advocacy for all consumers, particularly the low- income consumers who are affected by this legislation. I rise in strong opposition to H.R. 1699, a bill that guts consumer protections for buyers of manufactured homes. For years, the manufactured housing industry has preyed on low-income households, pushing them into high-interest mortgages. Under this bill, buyers of manufactured homes would effectively get less protection than any other home buyers. On top of that, the bill would encourage higher interest rates on loans for manufactured homes, taking a bigger bite out of families' paychecks. This manufactured housing bill is actually part of a multiprong attack on safeguards implemented by the Consumer Financial Protection Bureau. President Trump has placed OMB Director Mick Mulvaney at the CFPB to destroy it from within, while Republicans in Congress are chipping away at consumer protections from the outside. Americans deserve better. I really urge my colleagues to stand up for consumers and vote ``no.'' You know, it is easy to go after those people who live in these trailer parks who are trying to make their way, who are struggling to make ends meet, and this bill adds another layer of problem for them by allowing for higher interest rates. It is just wrong. We should be voting ``no.''
Source
govinfo.gov




