But at the end of the day, if we allow millions of people based upon incentives that move individuals to try--entities to try to move individuals to products that are good for the lender and/or the broker but bad for the consumer and millions ultimately make a mistake and then create the consequences that we have today in the housing market, it affects all of us.
Menendez emphasizes the broader economic impact of poor lending practices on consumers.
Share
More from Bob Menendez
The COVID-19 pandemic rapidly changed our day-to-day lives, especially how we work and commute.
I thank my colleague for yielding. I rise today to pay tribute to the life and legacy of my friend and colleague, Congressman Donald Payne, Jr. Congressman Payne was a fierce advocate and a dedicated public servant who fought tirelessly…
I'm the victim of a political 'witch hunt' and 'weaponization' at the Justice Department.
Other voices in this conversation
