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Question
Do you support or oppose amending the law so that all lenders are held to the same strong standard of consumer protections?
AARP Response
Predatory lenders target minorities and older people. Predatory loans include deceptive marketing practices such as making loans without regard to the borrower’s ability to repay the loan, failing to disclose terms such as balloon payments,; and refinancing loans and charging excessive fees each time.
The Council passed a predatory lending law that exempts certain lenders covered by a similar federal law. Unfortunately, federal law does not provide the same strong consumer protections as the DC law.
AARP supports laws with strong consumer protections which restrict and prohibit predatory lending practices by all lenders.
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| Supports all lenders be covered by DC law |
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| Supports amending DC law, removing exemptions |
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Candidate Response: Linda Cropp
The candidate was invited to participate in this voter guide, but did not respond by the publishing deadline.
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| Supports all lenders be covered by DC law |
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| Supports amending DC law, removing exemptions |
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