(Reuters) - WASHINGTON, May 23 - Stronger rules to protect
U.S. borrowers may be warranted but must not curb innovation or
impose costs that outweigh their benefits, Federal Reserve
Board Governor Randall Kroszner said on Wednesday.
"In fulfilling its responsibility to protect consumers, the
Federal Reserve will do all that it can to prevent fraudulent
and abusive mortgage lending practices, Kroszner told the
George Washington University School of Business.
Read more at Reuters.com Government Filings News
U.S. borrowers may be warranted but must not curb innovation or
impose costs that outweigh their benefits, Federal Reserve
Board Governor Randall Kroszner said on Wednesday.
"In fulfilling its responsibility to protect consumers, the
Federal Reserve will do all that it can to prevent fraudulent
and abusive mortgage lending practices, Kroszner told the
George Washington University School of Business.
Read more at Reuters.com Government Filings News
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