House panel targets predatory lending (Dealscape

Legislation aimed at curbing abusive mortgage tactics cleared a key hurdle Wednesday by passing a House committee. The measure was resurrected after stalling in the Senate nearly two years ago and became a top Democratic priority as lawmakers were pressed to rein in practices blamed for the foreclosure crisis.

Lawmakers offered more than 40 amendments to the measure, which took two days to mark up and finally passed the House Financial Services Committee on a 49-21 vote. Committee Chairman Barney Frank, D-Mass., said the bill will likely hit the House floor next week.

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NOT A SUBSCRIBER? House panel targets predatory lending Posted on April 30, 2009 3:30 PM Legislation aimed at curbing abusive mortgage tactics cleared a key hurdle Wednesday by passing a House committee. The measure was resurrected after stalling in the Senate nearly two years ago and became a top Democratic priority as lawmakers were pressed to rein in practices blamed for the foreclosure crisis. Lawmakers offered more than 40 amendments to the measure, which took two days to mark up and finally passed the House Financial Services Committee on a 49-21 vote. Committee Chairman Barney Frank, D-Mass., said the bill will likely hit the House floor next week. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 330 in-depth reports of Bankruptcies in the Financial Services sector 214 company pages related to Mortgages 122 articles related to Barney Frank 30 articles related to Spencer Bachus 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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