A unique Bill in Congress Will Make Mobile Phone Mortgages Even More Predatory
A unique Bill in Congress Will Make Mobile Phone Mortgages Even More Predatory
The next day, the House of Representatives will vote for a bill that could enable workers at manufactured home retailers—who sell houses usually called “mobile homes” or “trailers”—to guide customers towards certain loan choices. The Senate Banking Committee will vote for a comparable proposition on December 5.
It’s a bill that is wonky plus it’s flown underneath the radar thus far. But—particularly offered the governmental war being waged during the customer Financial Protection Bureau—it shouldn’t get buried. A lot more than 1 in 10 domiciles in rural or small-town America were built in a factory, and are often owned by older, poorer Us americans. […]