Barney Frank Says Fed May Lose Authority Over Mortgage Lending
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Barney Frank Says Fed May Lose Authority Over Mortgage Lending
U.S. House Financial Services Committee Chairman Barney Frank, a Massachusetts Democrat, talked with reporters after a hedge-fund hearing in Washington on July 11 about possibly stripping the Federal Reserve of its supervisory authority over mortgage lending practices if it fails to improve protections for subprime borrowers. Fed Chairman Ben S. Bernanke begins two days of testimony to Congress tomorrow. (Source: Bloomberg)
Bloomberg | July 17, 2007
