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A Different Standard

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A Different Standard

Hans Bader, senior attorney and counsel for special projects at the Competitive Enterprise Institute, which filed a brief in the St. Paul case, said the HUD rule “would pressure banks to engage in the very same risky practices that led to the 2008 housing collapse such as mortgage lending to non-creditworthy borrowers. Thus, it could contribute to a future financial crisis, and it will help spawn future mortgage meltdowns.”