Civil Rights Leaders to Fight Lending Bill
Friday, March 25
Consumer advocates are bringing out big names from the civil rights world to try to keep a lending industry-backed bill on predatory mortgage lending from rolling through Congress the way recent bankruptcy legislation did.
NAACP Chairman Julian Bond, the Rev. Jesse L. Jackson and Wade Henderson, executive director of the Leadership Conference on Civil Rights, and their groups are joining with consumer groups to oppose a bill introduced earlier this month by Rep. Robert W. Ney (R-Ohio), chairman of the House Financial Services housing subcommittee, and Rep. Paul E. Kanjorski (D-Pa.), the senior Democrat on the capital markets subcommittee.