There’s only one way to stop predatory lending

Source: New York Times Editorial Board (Paid Registration)

Perhaps the most obvious lesson from the 2008 financial crisis was the need for stricter supervision of mortgage lending. But it seems that it was not clear enough, because the Trump administration is now proposing to reduce federal oversight of mortgage lending.

The see-no-evil approach to mortgage lending is part of the administration’s broader effort to prevent the Consumer Financial Protection Bureau from protecting consumers of financial products.

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