Relevant:
- Most subprime lenders weren't subject to federal lending law
- Subprime Early Payment Defaults Are Back... in Credit Cards
- Fed Will Limit Penalties on Prepayment of Subprime Mortgages
- Word Of The Day: "Exemptions" - 98% of Banks Exempt From New Oversight Regulations
- Banks Tighten Auto Lending as More Borrowers Fall Into Default
2009-09-16 — washingtonpost.com
" The Federal Reserve announced Tuesday that it will extend its regulatory umbrella to cover a group of lenders that includes several major originators of subprime loans, policing whether they follow federal laws that protect consumers of mortgages, credit cards and other financial products."
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