I am David Bochnowski, President and you can President regarding Individuals Financial, your state-chartered lender located in Munster, Indiana
Last, The newest Roundtable implies the necessity for extreme and you may extensive research towards the fresh range and results in out of predatory credit contrasted on benefits off subprime financing to avoid the fresh unintended effects.
We have a lot more certain pointers in my own composed testimony. We would name up on one another it committee and all interested functions to operate to one another to market responsible financing and promote the fresh new American dream of owning a home.
Mr. BOCHNOWSKI. Once the a former personal staff member out of a house Associate for the the new late 60’s, this hearing place gets myself an alternative perspective from this front side of your own experience desk.
All of our head office was nearby the industrial cities of Gary and you will Eastern il. We have been a portion of the economic subregion of one’s City of Chi town.
I appreciate this possibility to attest today with respect to America’s Neighborhood Lenders. Read More