The Federal Reserve Board said Monday it invited borrowers, consumer advocacy organizations, lenders and other interested parties to participate in hearings it will hold under the Home Ownership and Equity Protection Act to examine practices and adequacy of regulations within the home equity lending market. The hearings will focus on predatory lending and the impact of HOEPA, as well as state and local anti-predatory lending laws in the subprime market and nontraditional mortgage products.
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