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Home » Store » News » Industry Group Urges Fed to Redo Reg Z’s ‘Higher-Priced’ Threshold

Industry Group Urges Fed to Redo Reg Z’s ‘Higher-Priced’ Threshold

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In light of changes in anti-predatory lending legislation passed recently by the House, mortgage lenders are urging the Federal Reserve Board to reconsider the new threshold for “higher-priced loans” under the Home Ownership and Equity Protection Act to ensure prime loans are excluded from the category. In a May 28 letter, the Consumer Mortgage Coalition also asked that private...
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