Fed's Braunstein urges caution on lending rules

Any new laws on lending practices need to carefully target abuses without unduly restraining responsible credit, said Sandra Braunstein, the director of the division of consumer and community affairs of the Federal Reserve.

Braunstein said that maintaining this balance was particularly important as many borrowers would need to refinance subprime loans by taking out more affordable loans. She also warned against the interagency rulemaking process, saying that it could be challenging to achieve

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account