Hearings

Improving Consumer Protections in Subprime Lending

April 29, 2008
10:30 AM SR 253
The hearing will consider the history and current status of subprime mortgage lending and non-traditional mortgage loans executed by non-bank financial companies. The hearing will also consider the Federal Trade Commission’s authority and use of its authority to protect consumers from unfair or deceptive lending practices by non-bank entities. The hearing will also examine ways to improve consumer protections in subprime and non-traditional home lending. Senator Dorgan will preside.

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Testimony

  • Ms. Lydia Parnes

    Director, Bureau of Consumer Protection
    Federal Trade Commission
    Download Testimony (85.27 KB)

Witness Panel 2

  • The Honorable Richard Blumenthal

    Attorney General
    State of Connecticut
    Download Testimony (283.40 KB)

  • Ms. Kathleen Keest

    Senior Policy Counsel
    Center for Responsible Lending
    Download Testimony (157.21 KB)

  • Mr. Ira Rheingold

    Executive Director
    National Association of Consumer Advocates
    Download Testimony (64.56 KB)

  • Mr. Bill Himpler

    Executive Vice President, Federal Government Affairs
    American Financial Services Association
    Download Testimony (40.41 KB)