Representative Ellison, speaking on the floor of the House of Representatives, voiced his support for The Mortgage Reform and Anti-Predatory Lending Act of 2009.
The bill would, among other things, would provide certain minimum standards for consumer mortgage loans.
The bill would, among other things, would provide certain minimum standards for consumer mortgage loans.
Mr. Speaker, I rise today in support of long overdue legislation to crack down on predatory mortgage lending. This week the House will consider legislation to curb abusive and predatory lending, a major factor in the Nation's highest home foreclosure rate in 25 years and the precursor to the greatest economic downturn since the Great Depression.
Last week, Ellison spoke out several times in favor of the Credit Cardholders' Bill of Rights Act of 2009 even using the time given to the Progressive Caucus.
These videos and more continue to be brought to you by a project known as MNMuseTube where you can find the floor speeches of Minnesota Democrat's in Congress.
These videos and more continue to be brought to you by a project known as MNMuseTube where you can find the floor speeches of Minnesota Democrat's in Congress.
