The Federalist Society

Subprime Lending - Event Audio/Video

Financial Services and E-Commerce Practice Group

May 20, 2008

Jennifer 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
Washington, DC

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