New York Governor Spitzer And Attorney General Cuomo Advance Initiatives To Address Irresponsible Home Lending Practices

November 8, 2007 — New York Governor Eliot Spitzer today met with Attorney General Andrew Cuomo and members of the Governor’s Halt Abusive Lending Transactions (HALT) Task Force to address the subprime and foreclosure crisis in New York. The Governor and Attorney General announced key initiatives their respective offices are taking to address the rising rate of foreclosures, assist homeowners currently facing delinquency or foreclosure, and reduce the risk of future subprime lending.

The Governor and Attorney General announced a joint letter to Congress, calling for continued federal action to combat subprime lending practices, while preserving the authority of state and local governments to develop and enforce protections specific to the needs of their constituents.
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