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For Immediate Release
04/25/08
Contact: Rob Blumenthal w/Inouye 202-224-8374
Jenilee Keefe w/Inouye 202-224-7824
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Commerce Committee Announces Witnesses for Hearing on Consumer Protections in Subprime Lending
 

WASHINGTON, D.C. – The Senate Committee on Commerce, Science, and Transportation today announced the witnesses for the upcoming Interstate Commerce, Trade, and Tourism Subcommittee hearing on Improving Consumer Protections in Subprime Home Lending. The witnesses are listed below.

The hearing will consider the history and current status of subprime mortgage lending and non-traditional mortgage loans executed by non-bank financial companies. The hearing will also consider the Federal Trade Commission’s authority and use of its authority to protect consumers from unfair or deceptive lending practices by non-bank entities. The hearing will also examine ways to improve consumer protections in subprime and non-traditional home lending. Senator Dorgan will preside.

Improving Consumer Protections in Subprime Home Lending
Interstate Commerce, Trade, and Tourism Subcommittee
Date: 
Tuesday, April 29, 2008
Time:  10:30 a.m.
Location:  Room 253, Russell Senate Office Building

Witnesses:
Panel I
Ms. Lydia B. Parnes,
Director, Bureau of Consumer Protection, Federal Trade Commission

Panel II
The Honorable Richard Blumenthal,
Attorney General, State of Connecticut

Ms. Kathleen Keest, Senior Policy Counsel, Center for Responsible Lending

Mr. Ira Rheingold, Executive Director, National Association of Consumer Advocates

Mr. Bill Himpler, Executive Vice President, Federal Government Affairs, American Financial Services Association

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Public Information Office: 508 Dirksen Senate Office Bldg • Washington, DC 20510-6125
Tel: 202-224-5115
Hearing Room: 253 Russell Senate Office Bldg • Washington, DC 20510-6125
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