GOP Gives More Power to Federal GovernmentFirst Faved : Mar 31 2008 by srainierFaved : 1 time with noteViewed : 2 timesFave It!
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- srainier - Mar 31 2008 | government, on, california
Enforcement by the federal government? Meaning Bush's DOJ? No way.
Quoted: The rule has state officials nervous that some of their consumer- friendly laws -- such as Massachusetts and North Carolina laws against predatory lending, a practice under which a bank tricks a consumer into signing on to a higher interest rate -- will be far less effective. The Office of the Controller of the Currency says federally chartered banks don't have to abide by all state regulations regarding banking. And in cases where federal banks do need to play by state rules, the controller's office said, it will be the federal government that enforces the laws.
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