Wednesday, November 28, 2007

Steve Stivers: State Oversight of Mortgages A Bad Idea

Republican candidate for Ohio's 15th congressional district, Steve Stivers, worked as as lobbyist for Bank One (now part of Chase). In his capacity as a member of the Ohio Senate, Stivers worked hard to protect banks and lenders. Here is an example from the Dispatch (January 19, 2006):

...Sen. Steve Stivers, a Republican and former lobbyist for Bank One, said Ohio should remain one of only two states that exempts the mortgage industry from the Consumer Sales Practices Act......
....Instead of expanding the consumer-protection law, the attorney general's office should coordinate with local law-enforcement agencies to create "strike forces" that can quickly go after and punish predatory lenders, Stivers said.....
.....But Stivers isn't finding much support in his own caucus, much less among advocates for the poor.Bill Faith, executive director of the Coalition on Homelessness and Housing in Ohio, said the proposals would not address Ohio's mortgage lending problems.....

Wow! Stivers is against consumer protection laws? Sounds to me that Stivers continues to be a lobbyist!

And......
Stivers also worked to cut asbestos suits in Ohio. (See the Toledo Blade.)