Industry NewsMortgage

Top FDIC official calls for national anti-predatory-lending standard

Fed, OTS say regulations, market forces are working
Published on Mar 28, 2007

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by CareyBot

Congress should pass legislation spelling out a national anti-predatory-lending standard requiring lenders to analyze borrowers' capacity to repay loans and prohibiting misleading marketing and disclosures, a top federal bank regulator advised lawmakers Tuesday ...