LATHAM, N.Y. — Melrose Credit Union Director of Marketing Robert Nemeroff testified on behalf of the state league before the state Senate Democratic Conference hearing on subprime lending practices in New York.
The July 9 hearing, hosted by Senators Malcolm A. Smith, Velmanette Montgomery, Martin Connor, Jeffrey Klein, Diane Savino, Shirley Huntley and Assembly members Darryl Towns and Annette Robinson, was aimed at evaluating subprime lending practices and determining steps to stem the tide of foreclosures across the state while preserving credit availability.
The hearing was the second in a series.
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