“Eroding a Generation of Wealth: Abusive Lending Practices Targeting Latino Communities”

Author:	Janet Murguia
Contact:	Janis Bowdler
Date:	Apr 1, 2008
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Topic:	Community and Family Wealth-Building
Region:	Northeast, Southeast, Midwest, Texas, Far West, California - Los Angeles, Puerto Rico, California - Sacramento, DC

Summary

Presented before the U.S. House of Representatives Committee of Appropriations Subcommittee on Financial Services and General Government “Eroding a Generation of Wealth: Abusive Lending Practices Targeting Latino Communities” This testimony expresses concerns that increasing foreclosures, abusive lending practices, and mounting household debt are aggressively eroding the financial security of the American middle class. NCLR offers suggestions for forming a comprehensive plan to curb abuse and protect wealth.