This Article is part two of a two-part series exploring the dangers of predatory lending and how Dodd-Frank and the Consumer Financial Protection Bureau ("CFPB") have solved predatory lending and ended the possibility of another subprime debacle. Part one covered how predatory lending harmed minority, low-income, and immigrant communities, and was a main cause of the 2008 economic collapse. Part two will show how the CFPB was built to stop and prevent predatory lending and another subprime debacle. The enactment and implementation of Dodd-Frank and the CFPB have improved the mortgage market. However, politicians and lawmakers, notably President Donald Trump and Texas Congressman Jeb Hensarling, are rallying for a repeal of Dodd-Frank and the CFPB.2 This Article will show that DoddFrank and the CFPB should not be repealed because Dodd-Frank and the CFPB have solved predatory lending and ended the possibility of another subprime debacle.
The Dodd-Frank Solution to Predatory Lending,
Pub. Interest L. Rptr.
Available at: https://lawecommons.luc.edu/pilr/vol22/iss2/8