Predatory lending

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Have you seen the "Inside Job" staring Barney yet?
It is worth the time!

Edited by Sign*Reader - 19 April 2011 at 11:21pm

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Sign*Reader Members Profile Send Private Message Find Members Posts Add to Buddy List Senior Member Joined: 02 November 2005 Status: Offline Points: 3352	Post Options Post Reply Quote Sign*Reader Report Post Thanks(0) Quote Reply Posted: 19 April 2011 at 11:20pm
	Have you seen the "Inside Job" staring Barney yet? It is worth the time! Edited by Sign*Reader - 19 April 2011 at 11:21pm
	Kismet Domino: Faith/Courage/Liberty/Abundance/Selfishness/Immorality/Apathy/Bondage or extinction.

abuayisha Members Profile Send Private Message Find Members Posts Add to Buddy List Senior Member Muslim Joined: 05 October 1999 Location: Los Angeles Status: Offline Points: 5105	Post Options Post Reply Quote abuayisha Report Post Thanks(0) Quote Reply Posted: 19 April 2011 at 2:40pm
	There is no such thing as a perfect law. Opposing interests intersect, compromises are made, and the end result almost always never pleases everybody. Lenders violating any provision of the Dodd-Frank Act will not be criminally liable. Violating any of the new provisions are just civil offenses. The Dodd-Frank Act is nothing like the New Deal that protected depositors, borrowers, and investors between 1933 and 2000. Even with the short comings, the mortgage reform provisions within Title XIV of the Dodd-Frank Act are good first steps towards ensuring higher standards within the lending industry, promoting financial stability, and aiding in consumer protection. by Peter H�bert http://www.mynorthwesthomes.com/Blog/The-Mortgage-Reform-and-Anti-Predatory-Lending-Act https://www.lariba.com/home-financing.htm (Islamic Loans)

schmikbob Members Profile Send Private Message Find Members Posts Add to Buddy List Senior Member Male Joined: 27 June 2010 Location: United States Status: Offline Points: 526	Post Options Post Reply Quote schmikbob Report Post Thanks(0) Quote Reply Posted: 19 April 2011 at 1:11pm
	I was wondering what the Islamic position was on loans. I thought the Quran prohibited usury but not the legal charging of interest. I started thinking about this because of today's Reuter's article that says the US Congress is considering rules that will allow a borrower to sue a lender that does not verify certain loan qualification information such as employment history. Specifically this is legislation proposed by none other than Barney Frank, one of the precipitators of the present day home foreclosure problem. I find in fascinating that Congress is proposing rewarding the borrower that lies to the lender.

Predatory lending

by Peter H�bert

http://www.mynorthwesthomes.com/Blog/The-Mortgage-Reform-and-Anti-Predatory-Lending-Act

https://www.lariba.com/home-financing.htm (Islamic Loans)