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Washington
Inside Washington (12/21/2007)
* WASHINGTON (12/26/07)--Peggy Nalls, Missouri Credit Union Association senior vice president of public and legislative affairs, attended a meeting in Kansas City Dec. 18 with Treasury Department Secretary Henry Paulson. Paulson held the meeting to discuss foreclosure prevention. “It is clear that governmental agencies are working to avoid creating legislation to fix the subprime meltdown,” Nalls said. “However, it was also very clear that there is an expectation that the government will expect us, the industry, to step up to the plate to eliminate fraudulent and unfair practices, as well as help consumers remain in their homes.” Paulson said the government’s objective is to help avoid foreclosures to prevent negative impacts to consumers, neighborhoods and the home and mortgage industry (Legislative Updates Dec. 21) …


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