Kentucky lawmakers consider Cracking Up ouster of competition in lending.
Lenders, the debt load on the poor, the elderly and fight for the owners would be tougher rules to a bill discussed yesterday at a house panel.
The legislature is made up of several horror stories of Kentuckians, signed deals with the mortgage refinancing, rates and that the interests and hidden fees. “Predatory lending” property owners in inner cities and rural areas and promise of money quickly, witnesses said.
Peggy Elam told how Household International convinced their elderly parents.
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