Brown Statement on CFPB Action Against Predatory "Contract-for-Deed" Loans
August 14, 2024
August 14, 2024
WASHINGTON, Aug. 14 -- Sen. Sherrod Brown, D-Ohio, issued the following news release:
Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after the Consumer Financial Protection Bureau affirmed that contract-for-deed housing sellers must comply with longstanding federal mortgage protections:
"From Akron to Youngstown, we've seen predatory investors target homebuyers with ' . . .
Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after the Consumer Financial Protection Bureau affirmed that contract-for-deed housing sellers must comply with longstanding federal mortgage protections:
"From Akron to Youngstown, we've seen predatory investors target homebuyers with ' . . .