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Protesters Demand Federal Mortgage Aid
On June 6th, dozens of members of the Association of Community Organizations for Reform Now or ACORN held a press conference in front of the Federal Reserve Bank in the Financial District to demand the Federal Reserve finally step in to protect homeowners from unregulated sub-prime loans. "We're asking the Federal Reserve to use the power that it has to regulate the industry more strictly so that brokers and lenders take some responsibility for their actions, said predatory lending victim Jackie Phillips.
On June 6th, dozens of members of the Association of Community Organizations for Reform Now or ACORN held a press conference in front of the Federal Reserve Bank in the Financial District to demand the Federal Reserve finally step in to protect homeowners from unregulated sub-prime loans. "We're asking the Federal Reserve to use the power that it has to regulate the industry more strictly so that brokers and lenders take some responsibility for their actions, said predatory lending victim Jackie Phillips.
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