HARRISBURG, Pa. – The Pennsylvania State House passed a resolution urging the state banking department to study residential lending practices and foreclosure trends to uncover suspected lending abuses and predatory lending practices. Pennsylvania Association of Community Organizations for Reform Now (ACORN) said the action marks the beginning of a statewide effort to protect borrowers from lending abuses. Banking Commissioner William Shenck has committed to having the study completed by Thanksgiving, said ACORN.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
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.