Industry News

Bernanke promises new rules to combat unfair lending practices

Policy shift a departure from reliance on guidance, disclosures
Published on Jul 19, 2007

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by CareyBot

The Federal Reserve will propose new rules to combat unfair or deceptive mortgage lending practices later this year, Chairman Ben Bernanke told members of the House Financial Services Committee Wednesday. Bernanke’s announcement that the Fed will exercise its rule-making authority ...