Fed offers rule to find predatory subprime lenders

The US Federal Reserve Board proposed a rule Wednesday that could help the government identify predatory lenders.

In what agency officials described as potentially the most significant change of reporting requirements under the Home Mortgage Disclosure Act in more than 10 years, the plan would require lenders to include the annual percentage rates of all loans.

"This information would ease the identification of subprime loans, which have different characteristics, such as denial rates, from other

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.