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Friday, February 16, 2007

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JeffSovern

Thanks Brian. ECOA requires lenders to state a reason when they deny loan applications. I think that would make it clear whether loans are denied because of the new statute.

Brian

Jeff, terrific post. The first thing I would want to know is whether lenders will carry through on their threat not to lend to service members and their dependents. Do you have any thoughts on how consumer advocates can determine what's going on in this regard?

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