(Reuters) - Several members of the special consumer panel convened by
the Fed said that while subprime loans, which are offered to
borrowers with damaged credit, can carry dangerous features
that might trigger foreclosure, some homeowners can handle
those risks.
Beyond the authority shared among federal bank regulators,
the Fed has its own broad powers to control predatory lending
and the Thursday panel was convened to discuss how the central
bank should use that authority.
Read more at Reuters.com Government Filings News
the Fed said that while subprime loans, which are offered to
borrowers with damaged credit, can carry dangerous features
that might trigger foreclosure, some homeowners can handle
those risks.
Beyond the authority shared among federal bank regulators,
the Fed has its own broad powers to control predatory lending
and the Thursday panel was convened to discuss how the central
bank should use that authority.
Read more at Reuters.com Government Filings News
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