Comments on HOEPA

Did you submit a comment on the proposal to expand the coverage of HOEPA? Approximately 300 consumers did. Unfortunately, only about 150 industry members submitted comments. The difference in volume said volumes. The board also received approximately 1,100 identical e-mail comment letters from consumers generally encouraging the Board to curb predatory lending.

Copyright © 2002 Compliance Action. Originally appeared in Compliance Action, Vol. 6, No. 16, 1/02