Fed offers rule to find predatory subprime lenders

The US Federal Reserve Board proposed a rule Wednesday that could help the government identify predatory lenders.

In what agency officials described as potentially the most significant change of reporting requirements under the Home Mortgage Disclosure Act in more than 10 years, the plan would require lenders to include the annual percentage rates of all loans.

"This information would ease the identification of subprime loans, which have different characteristics, such as denial rates, from

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