Subprime Lending - Event Audio/Video
Financial Services and E-Commerce Practice Group
May 20, 2008Jennifer E. Bethel, Margaret Burns, Allen Fishbein, Allen Ferrell
2008 Consumer Credit Protection Conference
The following audio and video were recorded on May 20, 2008.
Subprime Lending 5-20-08
Running Time: 01:43:35
[ Full Audio]
Problems in the subprime lending industry have led to widespread calls for substantial new regulations on lending to "subprime" consumers. The Federal Reserve has already issued new guidance to banks on loan products such as adjustable rate mortgages and various lending terms and practices. What will be the likely impact of these proposed new regulations if adopted? To what extent are the current problems in the subprime market the result of prior governmental interventions into the mortgage market, such as through the Community Reinvestment Act? Will the issues in the subprime market resolve themselves without government intervention?
10:00 a.m. - 11:45 a.m.
Panel I: Subprime Lending
- Prof. Jennifer E. Bethel, Babson College
- Ms. Margaret Burns, Director, Single Family Program Development, United States Department of Housing and Urban Development
- Mr. Allen Fishbein, Consumer Federation of America
- Moderator: Prof. Allen Ferrell, Harvard Law School
National Press Club