Frank's bill seeks rules for lenders
455362
US Representative Barney Frank introduced legislation yesterday that would establish for the first time close federal supervision of mortgage brokers, who have become the dominant providers of home loans - particularly the subprime loans at the heart of the foreclosure crisis.
246172
The new rules would force companies to show that customers can realistically afford their mortgages.
531057
Credit card firms are told by a committee of MPs to offer consumers clearer information and a fairer deal.
422797
The US Department of Housing and Urban Development (HUD) will propose an easing of rules that will require Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.
480878
A Massachusetts state legislator is pushing a bill that would hold retailers financially liable to card-issuing banks for the costs of a security breach -- a proposal that quickly came under fire from retail groups.
9394
The measures promise to protect borrowers from prepayment penalties and misleading loans.
246040
The Federal Reserve on Tuesday will propose a much stricter set of rules for mortgage lenders as part of the central bank's effort to avert abusive lending.
39330
The Federal Reserve Board is weighing whether it should ban some mortgage lending practices that fueled the recent housing market boom, Fed governor Randall Kroszner told a panel of lawmakers Wednesday.
623631
Bank regulators issued new standards for subprime mortgage lending on Friday that includes several new consumer protections.
618197
The Fed unveils guidance for lenders that asks them to work with borrowers to avoid defaults.
449086
The chairman of the Federal Reserve urged Congress to bolster regulation of the mortgage giants Fannie Mae and Freddie Mac.
523763
A House committee chairman said that he would seek legislation to curb lending abuses if the central bank did not act quickly to do so.
68662
The Federal Home Loan Bank of Seattle wants permission to buy mortgage-backed securities from the financial institutions that own it.
761520
Senate Majority Leader Bill Frist is trying use a bill authorizing U.S. military operations, including in Iraq and Afghanistan, to prohibit people from using credit cards to settle Internet gambling debts.
658918
U.S. lenders would have to determine that a borrower can afford a mortgage before making the loan under a Federal Reserve staff proposal on new regulations released on Tuesday.
173246
The top Republican on the U.S. House Financial Services Committee on Thursday introduced legislation that would create a national registry and set new standards for mortgage originators in response to the subprime mortgage crisis.
239132
By Susan Gordon, The News Tribune, Tacoma, Wash.  Feb. 10--Lenders who foreclose on contaminated properties would have to disclose hazards to buyers under a bill being considered in the Legislature.  "This is just huge moral issue in my view," said state Sen. Karen Fraser, D-Olympia.