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May 07, 2009
Cuellar Amendments Help to Crack Down on Predatory Mortgage Lending
Washington – Congressman Henry Cuellar today joined a bipartisan majority of the U.S. House of Representatives to pass the Mortgage Reform and Anti-Predatory Lending Act. The bill, which cracks down on predatory lending practices and ensures that the mortgage industry follows basic principles of sound lending, responsibility, and consumer protection, passed the U.S. House on a 300-114 vote. Included in the bill were amendments authored by Congressman Cuellar to study the real-world impact of a major new lending accountability measure and to provide housing counseling in Texas colonias.
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