Federal Reserve Governor Randall Kroszner said Thursday that the central bank may use its legal authority to crack down on mortgage-lending abuses. The Federal Reserve held an all-day hearing to discuss writing new rules to ban or restrict questionable practices involving high-risk, or subprime, mortgages. The hearing came one day after Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, threatened to strip the Reserve of some of its authority if it doesn't act quickly.
June 15, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Federal Reserve Governor Randall Kroszner said Thursday that the central bank may use its legal authority to crack down on mortgage-lending abuses.
As pressure builds on the government to do something about the troubled home-loan market, the Fed held an all-day hearing to discuss the possibility of writing new rules to ban or restrict questionable practices in the market for high-risk, or subprime, mortgages.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
