May 01, 2007
Calling for a GAO Study of Foreclosures & the Subprime Market
House Financial Services Committee Chairman Barney Frank (D-MA) and Ranking Republican Committee Member Spencer Bachus (R-AL) are calling on the Government Accountability Office to assess the current situation regarding high rates of foreclosure for subprime mortgages, to analyze the causes, and to provide solutions. 
This issue is a top priority for Congress, the financial services industry, and for consumer advocates. We all recognize the serious nature of the problem. Let's hope for realistic consideration, not superficial quick-fix responses. That's a temptation which often leaves a bad situation worse. Watch this space as the debate continues.
Link to April 25, 2007, Letter to GAO: http://www.house.gov/apps/list/press/financialsvcs_dem/press042507b.shtml
(ag) May 1, 2007, in Congress/Subprime Lending
May 1, 2007 in Bank Directors, Congress, Predatory Lending/Subprime Lending | Permalink | Comments (0) | TrackBack
January 16, 2007
Advising Directors?
The Federal Reserve has developed a new compilation of online resources for bank directors. The home page looks like a bank's board room and the site includes links to data, publications, and training. If you advise bank directors about their duties or if you're teaching banking law, this is a great collection of information.
Link to announcement: http://www.federalreserve.gov/boarddocs/press/other/2007/20070111/default.htm
(ag) Jan. 16, 2007, in Bank Directors
January 16, 2007 in Bank Directors | Permalink | Comments (0) | TrackBack
