A previous nominee to head the Federal Housing Finance Agency says there was too much work to be done as regulator of North Carolina banks for him to be moving to Washington — though the GOP might have played a role in his withdrawal. In his own state, a landmark anti-predatory lending law was strengthened and mortgage broker license requirements were tightened during his tenure, and he hopes to see antiquated banking regulations updated.
This wire news service story is no longer available.
However a copy might still be available at www.newsobserver.com