BOSTON, Mass. (SHNS)–Attorney General Andrea Campbell made clear Tuesday that she doesn’t agree with the Legislature and Gov. Maura Healey that a Boston nonprofit that has been accused of predatory lending should be shielded from the state’s consumer protection laws.
The state’s top law enforcement official said on GBH Radio that she and her office made clear to the governor that they were opposed to Section 269 of the economic development bill that lawmakers sent Healey on Nov. 14, and which Healey then signed on Nov. 20.
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That portion of the new law effectively protects BlueHub Capital, a Roxbury nonprofit that was sued in 2020 over predatory lending allegations, from being held liable for “monetary relief, injunctive relief or other equitable relief at common law or by statute.” The nonprofit buys properties from banks that are foreclosing on homeowners, then resells them to their original owners while taking on part of a shared appreciation mortgage that entitles BlueHub to a portion of an increase in the home’s value.