Relevant:
- Proposed Risk Retention Reform Affects Banker and Broker Loan Pricing
- 5,000-Plus Responses Spurs Fed Not to Proceed With Three Rules
- Groups Claim Fed’s Reverse Mortgage Proposal Encourages Predatory Lending
- Clinton Pushes Housing Market Fixes As Campaign Manager Sits on Board of Bankrupt Lender
- LO Compensation Guidance Gets 11th Hour Treatment by Federal Reserve
2008-07-02 — loanworkout.org
"Apparently the Federal Reserve has been inundated with over 8,200 consumer complaints against various banking and lending institutions for credit card abuse and predatory lending. The Fed’s inbox has been full since it invited personal comments regarding a proposed new rule to end “Unfair or Deceptive Acts or Practices.” Sarah Byrnes said, Campaign Manager of Americans for Fairness in Lending (AFFIL)"
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