Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Fed Moves to Fix Mortgage Crisis

The Federal Reserve proposes regulations to combat predatory lending. The new rules would only affect future mortgages. The plan is already under fire from critics who wanted more aggressive action and charge the Fed has been slow to address problems in the subprime mortgage market.

Debbie Goldstein, vice president at the Center for Responsible Lending, speaks with John Ydstie.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.