Political Quotes

Stephanie Tubbs Jones: “there is a God. For the past 8 years I have introduced legislation called the Predatory Lending Reduction Act, saying to…”

On the recordNovember 15, 2007
there is a God. For the past 8 years I have introduced legislation called the Predatory Lending Reduction Act, saying to the community and the world that there is a problem happening out here. And here we are in 2007, some 8 years later, and there is a wake-up call going on. Across the country, people are having problems with their mortgages and communities are losing tax underwriting as a result thereof. I am pleased that H.R. 3915 incorporates language from the Predatory Lending Reduction Act that I introduced 8 years ago and that it requires a licensing and registration for mortgage brokers. We all know that all subprime lenders are not predatory lenders, but we also know that all predatory lenders are subprime lenders, and we have to get on top of this. Thank God we are saving the people of America.
Source
govinfo.gov

Editor's note · Context

Discussing the impact of predatory lending and mortgage issues in the context of H.R. 3915.

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