Robert Menendez Jr. actually said...

We have several community banks that are at the heart of lending, and they have made requests, and they seem to be lost in the process.

Menendez highlights the struggles of community banks in the lending process.

01/07/2009

More Robert Menendez Jr. Quotes

How important would it be for the CFPB to finish its guidance to private lenders as they transition away from LIBOR?

How can Congress and regulators ensure that lenders choose a replacement rate that is fairest to the borrower?

Would a mandatory arbitration clause and a class action waiver... leave the borrower with no meaningful path to challenge a lender's actions...

If the lender chooses a rate that causes a borrower's payment to become unaffordable, do many lenders offer flexible repayment options?