Federal Reserve Reveals Plan To Curb Risky Lending
The rules are meant to stop unscrupulous lenders from persuading would-be buyers to take on loans that should be out of their reach but also to protect consumers from overestimating their own ability to shoulder debt, the Federal Reserve said.
“Our goal is to promote responsible mortgage lending, for the benefit of individual consumers and the economy. We want consumers...
To view the full article, register now.