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Board of Governors of the Federal Reserve System
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Hearings under the Home Ownership and Equity Protection Act (HOEPA)


Building Sustainable Homeownership: Responsible Lending and Informed Consumer Choice

July 11, 2006

Federal Reserve Bank of Atlanta
1000 Peachtree Street N.E.,
Atlanta, Georgia 30309

Transcript (PDF)


8:30 a.m

Welcome and Opening Remarks

Sandra F. Braunstein, Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System


9:00 a.m.

The Impact of Federal and State Predatory Lending Laws and Developments in Subprime Lending: Consumer and Industry Perspectives


Wright Andrews, National Home Equity Mortgage Association

William Brennan Jr., Director, Home Defense Program, Atlanta Legal Aid

Gail Burks, Executive Director, Nevada Fair Housing Center; Board Member, National Community Reinvestment Coalition

Harry Dinham, National Association of Mortgage Brokers

Barbara Kent, Director, Consumer Affairs and Financial Products, New York State Banking Department

Margot Saunders, Of Counsel, National Consumer Law Center


10:30 a.m.



10:45 a.m.

Nontraditional Mortgages: Understanding the Market and Informed Consumer Choice


Alys Cohen, Staff Attorney, National Consumer Law Center

Glenn T. Costello, Managing Director, Residential-Mortgaged Backed Securities Group, Fitch Ratings

Kathleen Crawford, Consumer Protection Chair & Affordable Housing Chair, National Association of Mortgage Brokers

Doug Duncan, Senior Vice President and Chief Economist, Mortgage Bankers Association

Allen Fishbein, Director, Housing and Credit Policy, Consumer Federation of America

Ken Logan, Chairman-Elect, National Home Equity Mortgage Association

George A. Reynolds, Senior Deputy Commissioner, Georgia Department of Banking and Finance

Mike Wright, Managing Broker, Prudential Georgia Realty


12:30 p.m.

Break for Lunch


1:30 p.m.

The Impact of Disclosures on Consumer Choice


Susan Kleimann, President, Kleimann Communication Group

John C. Kozup, Assistant Professor, Department of Marketing, and Director, Center for Marketing and Public Policy, Villanova University

Patricia McCoy, Professor of Law, University of Connecticut School of Law

Janis K. Pappalardo, Economist, Bureau of Economics, Federal Trade Commission

Vanessa Gail Perry, Assistant Professor, George Washington University, School of Business and Public Policy


3:00 p.m.

Open Microphone



4:00 p.m.



Last update: May 12, 2014