Center for Responsible Lending unhappy
January 15, 2010 | Center for Responsible Lending, federal legislation, industry | Comments (1)It’s amazing how there is an inverse relationship to CRL’s happiness and mine. From today’s American Banker:
Mike Calhoun, the president of the Center for Responsible Lending, agreed. “We are skeptical that there is any structure other than a free-standing agency where the consumer regulator is not pressured by the same interests that produced the crisis that we are still trying to get out of.”
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Will the CRL ever be happy? Not until every legitimate lending business in America is either shutdown or paying “Shakedown,” money to the CRL!