predatory lending ↔ Federal Reserve System

Relations (1)

cross_type 2.00 — strongly supporting 1 fact

The Federal Reserve is linked to predatory lending as a regulatory body involved in reporting on these practices [1], and it is frequently cited alongside other agencies in debates regarding the authority [2] and legislative requirements [3] needed to address such lending issues.

Facts (1)

Sources

Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services 1 fact

claimThe Assistant Secretary of the Treasury, HUD, the Federal Reserve, the Office of Thrift Supervision (OTS), the Office of the Comptroller of the Currency (OCC), the FDIC, and the FTIC, along with representatives from North Carolina, New York, and Massachusetts, have all stated that legislation is needed to address predatory lending.