Keith Ernst Quotations

For years, the debate over predatory lending has been conducted in an information vacuum. Now we know, beyond a doubt, that these laws work, and that they don't harm consumers.

Our research shows substantial evidence that regulation led to lower interest rates.

Predatory lending is like a cancer that needs to be wiped out. Congressional programs that would roll back state laws are going in the wrong direction.

Predatory lending is a cancer that should be wiped out. We've reached a new stage in the debate over predatory lending laws. It's clear that state laws improve substantially on federal law and protect people who would otherwise be in danger of losing thousands of dollars - or even their homes.

That tells you North Carolina was indistinguishable from states without laws.

That shows you what a good job these laws can do.

Congressional proposals that would roll back state laws are headed in the wrong direction. Our findings suggest that Congress should adopt the strongest state provisions and allow states to tailor other provisions to fit their individual needs.

It's clear that state laws improve things substantially.