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Fed to Crack Down on Subprime Loans

Also plans to extend low-cost overnight loan program for banks

By Kevin Spak, Newser Staff

Posted Jul 8, 2008 8:26 AM CDT

(Newser) – The Federal Reserve will issue new rules next week restricting subprime lending and other exotic loans aimed at borrowers with weak credit, Ben Bernanke said today. He said the Fed is also considering extending the overnight low-cost loan program, which helps big banks in need... Read full story »

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Fed to Crack Down on Subprime Loans

Also plans to extend low-cost overnight loan program for banks

Ben Bernanke • Federal Reserve • subprime mortgages • Freddie Mac • Fannie Mae • subprime crisis • predatory lending • overnight loan window • financial crisis

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