WASHINGTON IS SENDING THE unmistakable message that predatory lending will not bc tolerated.

WASHINGTON IS SENDING THE unmistakable message that predatory lending will not bc tolerated, and a number of state restraints have already passed legislation. Bankers are not the predators, unless our industry should be paying shut attention to the growing chorus of transaction over this issue.

In March the Federal Trade Commission announced a $60 million adjustment with a California mortgage lender accused of preying forward elderly homeowners. The settlement was the FTC's other largest ever, and the government's biggest predatory lending discharge The FTC suit alleged that First