Government
Apr. 20, 2012
Key mortgage bills face trouble amid industry opposition
A central front took shape in the debate over several mortgage reform bills pitting the financial industry against lawmakers and the attorney general. The major sticking point: a "private right of action" for consumers.
Daily Journal Staff Writer
SACRAMENTO - A central front developed this week in the debate over several mortgage reform bills pitting the financial industry against Democratic leadership and the state attorney general.
The major sticking point is the issue of a "private right of action" for consumers - which would allow individuals to sue banks and mortgage servicers over their failure to comply with new le...
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