The Federal Reserve Board has announced the panelists for its public hearing under the Home Ownership and Equity Protection Act (HOEPA) on June 14, 2007. The panelists include key players in the home mortgage market including the subprime sector-lenders, brokers, secondary market participants, consumer advocacy and community development organizations, academics and researchers, and state regulators.
Several state officials are expected to participate in the hearing and share their experiences with drafting laws and rules to combat predatory lending efficiently and effectively.
See press release for full details.