Comment letter to the Federal Reserve on the adequacy of existing regulation protecting consumers in the home mortgage lending market

fed_OP-1278_may2007_statementonsubprimelending.pdfComment letter submitted to the Federal Reserve recommending that, in addition to meaningful national predatory lending legislative, existing protections should cover loans originated by all lenders. It continues to state that the Board must use its rulemaking authority under HOEPA and adopt the above guidelines in order to protect consumers from mortgages with unfair and deceptive terms.