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NEW RADIO ADS URGE CONSUMERS TO SPEAK OUT AGAINST HOME FORECLOSURES AND PREDATORY LENDING IN KANSAS - (May 12, 2008) Americans for Fairness in Lending (AFFIL) is launching a new radio advertising campaign today highlighting the devastating impact predatory lending is having on residents of Kansas. Thirty- and 60-second spots are airing during drive time on major radio stations in the Kansas City area declaring that predatory lending is a “Man-Made Disaster.” The ads highlight the fact that Kansas property values have fallen by over $200 million in the foreclosure crisis. In conjunction with an interactive online campaign at http://www.affil.org, the radio spots reveal that Congress, especially some of Kansas’ own elected representatives, are notprotecting homeowners and consumers from predatory lending practices. “Kansans are getting hit hard by the subprime mortgage crisis, and they’re suffering as a direct result of abusive, predatory lending practices,” said AFFIL Executive Director Jim Campen. “Our ‘Man-Made Disaster’ radio campaign is part of local and national efforts to educate consumers about how Congress is failing to protect Americans from toxic mortgages, payday loan rip-offs and sky-high credit card interest rates and fees.” . . .
The New York Times - Irv Ackelsberg's Letter to the Editor in Response to Lenders Fight Stricter Rules on Mortgages,” front page, April 28: It is not surprising that the same lenders and brokers who brought us . . .
AFFIL Staff join Caveat Emptor Blog as Associate Editors - Jim Campen and Sarah Byrnes have joined Caveat Emptor, . . .
Senator Hillary Clinton Joins Senators Obama and Edwards in Endorsing AFFIL's Principles of Fair Lending - Democratic Presidential Candidates Stand Up For Consumers Against Predatory Lending Practices; Republican Candidates Yet to Respond: (January 28, 2008) With Hillary Clinton’s endorsement today of Americans for Fairness in Lending’s (AFFIL) Six Principles of Fairness in Lending, every Democratic presidential candidate has joined the call for the return of reasonable oversight and regulation of America’s runaway lending industry. Senator Clinton joins Senators Barack Obama and John Edwards in endorsing the AFFIL Principles. AFFIL has asked all presidential candidates to publicly endorse its Principles and four other Democratic candidates—Governor Richardson, Senators Dodd and Gravel, and Congressman Kucinich—also did so. No Republican candidate has yet responded to AFFIL’s requests to their campaigns to endorse the Principles. . . .
 
 
 
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