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Senate votes to ban higher pay for offering higher-interest loans

Taking aim at deceptive lending, the Senate voted Wednesday to ban mortgage brokers and loan officers from getting greater pay for offering higher interest rates on loans and to require that borrowers prove they can repay their loans.

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Senate votes to ban higher pay for offering higher-interest loans

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Senate votes to ban higher pay for offering higher-interest loans

Taking aim at deceptive lending, the Senate voted Wednesday to ban mortgage brokers and loan officers from getting greater pay for offering higher interest rates on loans and to require that borrowers prove they can repay their loans.

Originally posted here:
Senate votes to ban higher pay for offering higher-interest loans

Leave a Reply

You must be logged in to post a comment.

Senate votes to ban higher pay for offering higher-interest loans

Taking aim at deceptive lending, the Senate voted Wednesday to ban mortgage brokers and loan officers from getting greater pay for offering higher interest rates on loans and to require that borrowers prove they can repay their loans.

See the rest here:
Senate votes to ban higher pay for offering higher-interest loans

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You must be logged in to post a comment.

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