by Calculated Risk on 5/03/2007 12:55:00 PM

From Rex Nutting at MarketWatch: Fed to consider new rules against abusive lending

The Federal Reserve will hold a public hearing June 14 to consider adopting new rules to combat abusive lending, especially in the subprime market, the Fed announced Thursday.

Here is the Fed press release: Board to hold public hearing under the Home Ownership and Equity Protection Act on June 14, 2007