Notice of proposed rulemaking.
SUMMARY: The Office of the Comptroller of the Currency is proposing a regulation to ensure
that national banks and Federal savings associations offer and provide fair access to financial
services.
SUMMARY: The Office of the Comptroller of the Currency is proposing a regulation to ensure
that national banks and Federal savings associations offer and provide fair access to financial
services.
Sorcerer wrote:Sounds like 2.0 of the housing crash. Give anyone a loan regardless. Then blame the lenders of predatory lending. In 1991 we paid $85,000 for our home. After the crash with all the repoed houses in our area the value of our home dropped from $220,000 down to $92,000. We are now just under $200,000 valuation. The same thing effected the auto industry. All those people ended up with even crappier credit than What they had before.
Sorcerer wrote:Sounds like 2.0 of the housing crash. Give anyone a loan regardless. Then blame the lenders of predatory lending. In 1991 we paid $85,000 for our home. After the crash with all the repoed houses in our area the value of our home dropped from $220,000 down to $92,000. We are now just under $200,000 valuation. The same thing effected the auto industry. All those people ended up with even crappier credit than What they had before.
jdege wrote:Sorcerer wrote:Sounds like 2.0 of the housing crash. Give anyone a loan regardless. Then blame the lenders of predatory lending. In 1991 we paid $85,000 for our home. After the crash with all the repoed houses in our area the value of our home dropped from $220,000 down to $92,000. We are now just under $200,000 valuation. The same thing effected the auto industry. All those people ended up with even crappier credit than What they had before.
This isn't saying anything at all about loans.
It's about refusing financial services to legal businesses.
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