Improving Consumer Protections in Subprime Lending

Full Committee Hearing
Date:  Tuesday, April 29, 2008
Time:  10:30 AM
Location:  SR

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.

Testimony

  • Lydia Parnes

    Director, Bureau of Consumer Protection
    Federal Trade Commission

Witness Panel 2

  • Ira Rheingold

    Executive Director
    National Association of Consumer Advocates
  • Richard Blumenthal

    Attorney General
    State of Connecticut
  • Bill Himpler

    Executive Vice President, Federal Government Affairs
    American Financial Services Association
  • Kathleen Keest

    Senior Policy Counsel
    Center for Responsible Lending
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