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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)

Home Ownership and Equity Protection Act (HOEPA) Public Hearing

June 14, 2007

Board of Governors of the Federal Reserve System
Martin Building, Terrace Level
20th and C Streets, N.W., Washington, D.C.

A public hearing will be held to gather information about how the Board might use its rulemaking authority to curb abusive lending practices in the home mortgage market, including the subprime sector, in a way that preserves incentives for responsible lenders to provide credit to borrowers.

The hearing is free and open to the public. Registration is required. Attendees will be required to show a valid form of photo identification, such as a driver's license, to enter the meeting. The hearings are accessible to persons with disabilities.

Transcript: 594 KB PDF

Working Agenda*

8:30 a.m. -
8:45 a.m.

Welcome and Opening Remarks

Randall S. Kroszner, Governor, Board of Governors of the Federal Reserve System


8:45 a.m. -
12:00 p.m.
(10:15 a.m.
- 10:30 a.m.

Morning Panel

Janis Bowdler, Senior Housing Policy Analyst, National Council of La Raza

William H. Brewster, Director of Anti-Fraud Initiatives, Fannie Mae

Alys Cohen, Staff Attorney, National Consumer Law Center

Susan A. Davis, Executive Vice President, National Consumer Lending, Wells Fargo Home Mortgage

Harry Dinham, President, National Association of Mortgage Brokers

Martin Eakes, Chief Executive Officer, Center for Responsible Lending/Self-Help

Ira Rheingold, General Counsel, National Association of Consumer Advocates

Pablo Sanchez, National Mortgage Production Specialist, JPMorgan Chase

Faith Schwartz, Senior Vice President, Enterprise Risk Management and Public Affairs, Option One Mortgage Corporation


12:00 p.m.
- 1:00 p.m.

Break for Lunch


1:00 p.m. -
3:00 p.m.

Afternoon Panel

Steve Antonakes, Commissioner of Banks, Massachusetts

Michael Decker, Senior Managing Director, Research and Public Policy, Securities Industry and Financial Markets Association

Ren Essene, Research Analyst, Harvard University

Joseph R. Mason, LeBow College of Business, Drexel University

Tom Miller, Attorney General, Iowa

Mark Pearce, Deputy Commissioner of Banks, North Carolina

Lori Swanson, Attorney General, Minnesota

3:00 p.m.
- 4:00 p.m.

Open Microphone


4:00 p.m.

Hearing Adjourns


*Agenda as of June 8, 2007. Return to text.

Last update: February 8, 2008