Fed Wants to Strip a Key Protection for Homeowners
— As Americans continue to lose their homes in record numbers, the
Federal Reserve is considering making it much harder for homeowners to
stop foreclosures and escape predatory home loans with onerous terms.
The Fed's proposal to amend a 42-year-old
provision of the federal Truth in Lending Act has angered labor, civil
rights and consumer advocacy groups along with a slew of foreclosure