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Loan Modification

: Loan Modification & Home Loan News

Mass. usury law a weak weapon vs. big lenders

By Moe Bedard

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In response to pressure from a Boston advocacy group, Massachusetts state Treasurer Timothy P. Cahill announced plans last month to pull more than $200 million in taxpayer money out of Bank of America and two other major banks that refused to comply with a state law limiting interest rates for loans at 18 percent.   But Cahill [...]

Full post as published by Loan Modification & Home Loan News on May 13, 2010 (boomark / email).

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