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Loan Modification

: Mortgage Lender Implode-o-Meter

State attorneys general vie for stronger consumer protection role

By Implode-Explode Heavy Industries

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``Madigan argues that state regulators were "the only ones ever sounding the alarm" as abuses grew in recent years, only to be overruled in many cases by regulators in Washington. "We need to be able to enforce the law against all lenders," she said. "We don't want to be in a situation where history repeats itself." ''

Full post as published by Mortgage Lender Implode-o-Meter on March 15, 2010 (boomark / email).

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