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The APL Effect: The Impacts of State Anti-Predatory Lending Laws on Foreclosures

Columbia Law School study finds: Federal action resulted in more defaults and riskier lending

Home Foreclosure

Federal action to exempt national banks from state anti-predatory lending laws resulted in more defaults and riskier lending compared to other banks, a study funded by the National State Attorneys General Program at Columbia Law School found. At the same time, the study found anti-predatory lending laws enacted by some to protect consumers from abusive and unfair mortgage practices saved many people from losing their homes to foreclosure.Click to continue