The agency will also explore ways to help insured institutions avoid funding or otherwise supporting predatory practices. The City of Boston, with support from many responsible bankers throughout the state of Massachusetts, including the Massachusetts Bankers Association, has been at the forefront of fighting predatory lending.
Predatory lenders thrive on taking advantage of people who have little choice - no alternative.
Predatory lending practices should not be tolerated by any of us. Massachusetts Commissioner of Banks Thomas Curry will be among the officials participating in the meeting, as will representatives of the office of the State Attorney General. Nicholas Retsinas, Director of the Joint Center for Housing Studies at Harvard University, will deliver the keynote address. The meeting will be open to the public. Seating is limited to the first 150 registrants other than media.