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Home » Store » News » Congress Threatens Rules Tougher Than HOEPA

Congress Threatens Rules Tougher Than HOEPA

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The Federal Reserve’s recently finalized rules for subprime lending did not go far enough to satisfy Democrats in Congress. Shortly after the Fed finalized its revision of the Home Ownership and Equity Protection Act, Rep. Barney Frank, D-MA, chairman of the House Financial Services Committee, suggested tougher legislation is in...
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