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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: Paul Kern	5/3/2007 11:12:25 AM
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Fed Plans Hearing On Abusive Lending, Subprime Mortgage Mkt Last update: 5/3/2007 11:00:01 AM WASHINGTON (Dow Jones)--The Federal Reserve said Thursday it's planning a public hearing to look into how the central bank can use its regulatory authority to "curb abusive lending practices" in the mortgage market, including the subprime market. The hearing is scheduled for June 14. "The goal is to find ways to promote sustainable homeownership through responsible lending, informed consumer choice, and effective guidance and regulation," said Federal Reserve Governor Randall Kroszner, who plans on chairing the hearing. (MORE TO FOLLOW) Dow Jones Newswires May 03, 2007 11:00 ET (15:00 GMT)

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