Debate rages over impending predatory lending law - 2003-02-03
When New York's "predatory lending law" comes into effect April 3 it will:
a) Keep senior citizens and low- and moderate-income New Yorkers from being preyed on by unscrupulous lenders.
b) Keep low- and moderate-income New Yorkers from getting a mortgage by chilling the subprime lending marking and drying up the secondary market in mortgage pool investments.
Read the full story at The Business Review (Albany)