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WASHINGTON -- The Federal Reserve on Tuesday is set to consider a plan that would mark the central bank's biggest regulatory response to date of the country's mortgage turmoil.
The staff proposal under review would curb the types of subprime products lenders can offer, prohibit certain misleading disclosures, and limit the compensation of mortgage brokers.
Originally posted by RedGolem
reply to post by Realtruth
I do think the banks are crooks. But they also control the money. And that will mean in the end they will get what they want no matter who is screaming.