To the Point

Fed Plans New Rules to Crack Down on Shady Lending Practices

Federal Reserve Chairman Ben Bernanke plans a clamp down on so-called "exotic mortgages" and high-cost loans to people with weak credit. He also wants to extend the kind of low-cost overnight loans that prevented the Wall Street banker Bear Stearns from collapsing before it was sold in March.

By Warren Olney • May 12, 2014 • 1 min read

Federal Reserve Chairman Ben Bernanke plans a clamp down on so-called "exotic mortgages" and high-cost loans to people with weak credit. He also wants to extend the kind of low-cost overnight loans that prevented the Wall Street banker Bear Stearns from collapsing before it was sold in March. Paul Leonard is director of the California Office of the Center for Responsible Lending.

Warren Olney
former KCRW broadcaster
Katie Cooper
Producer, 'One year Later'
Frances Anderton
architecture critic and author
Paul Leonard
Center for Responsible Lending

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National

Politics

To the Point

Fed Plans New Rules to Crack Down on Shady Lending Practices

Federal Reserve Chairman Ben Bernanke plans a clamp down on so-called "exotic mortgages" and high-cost loans to people with weak credit. He also wants to extend the kind of low-cost overnight loans that prevented the Wall Street banker Bear Stearns from collapsing before it was sold in March.

Share

To the Point

Fed Plans New Rules to Crack Down on Shady Lending Practices

Federal Reserve Chairman Ben Bernanke plans a clamp down on so-called "exotic mortgages" and high-cost loans to people with weak credit. He also wants to extend the kind of low-cost overnight loans that prevented the Wall Street banker Bear Stearns from collapsing before it was sold in March.

Share