<p>WASHINGTON – An anti-predatory lending measure designed to replace an earlier suspended law to curb mortgage lending scams won a first vote by the D.C. Council. A second required vote will take place later this month. An earlier predatory lending measure was passed in December 2000, but it was suspended a year later when some lenders pulled out of the market claiming the law was unfair and too tough. The suspension expires March 6. Consumer activists have argued the newly approved measure doesn't go far enough and doesn't contain enough consumer protection measures. CUL Plus indirect lending program puts vehicle financing in members' hands</p>

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.