“A decade ago, excessive Wall Street greed and predatory lending led to a tsunami of unnecessary foreclosures that took away the homes of millions of hardworking families," said Nikitra Bailey, Executive Vice President at the Center for Responsible Lending. "That experience should have served as a warning to this administration about the harmful costs of reckless deregulation letting greed go unchecked on all Americans. Unfortunately, the White House has not learned from history. This proposal is a bull in a china shop that threatens to harm our recovering economy and exacerbate our affordable housing crisis. Congress should reject this misguided plan.”
