Federal Pre-emption of State Anti-Predatory Lending Laws Led to More Mortgage Defaults

``A new research report out of University of North Carolina at Chapel Hill looks at the impact of federal preemption of state Anti-Predatory Lending laws. The key factor was the decision by the Bush White House in 2004 to preempt state lending standards. You will be not be surprised at the net results.A new research report out of University of North Carolina at Chapel Hill looks at the impact of federal preemption of state Anti-Predatory Lending laws. The key factor was the decision by the Bush White House in 2004 to preempt state lending standards. You will be not be surprised at the net results.''