Fed's Lacker Cautions on Over-Tightening of Credit Rules

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00001879-feds-lacker-cautions-on-over-tightening-o/

Federal Reserve Bank of Richmond President Jeffrey Lacker spoke this morning in Kiawah Island, SC. Lacker, who is considered to be an important part of the Fed’s policymaking team, cautioned that although the recent explosion of credit will lead to tighter lending rules, regulators should be careful not to hamper a positive credit environment.

Reuters quotes Lacker as saying, “While some policies that carefully target truly abusive practicies are warranted, the broader risk is of a regulatory overreaction that stifles much of the benefit of the technology-driven expansion in consumer credit.”

Lacker was speaking at the annual convention for the North Carolina Bankers Association.

Fed's Lacker Cautions on Over-Tightening of Credit Rules

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About