Religious and Faith-Based Community Development Leaders: financial reform must protect families from lending abuse

WASHINGTON, D.C. – May 12, 2010 – (RealEstateRama) — Over the past year, the Center for Responsible Lending (CRL) has hosted numerous conversations with faith communities as part of its “Faith and Credit” program. In a letter delivered to Senators today, sixteen Christian leaders with decades of experience providing housing services and financial counseling urged legislators to enact reforms that protect against abusive lending practices targeting low-income households.