WASHINGTON – The House Subcommittee on Housing and Community Opportunity and the Subcommittee on Financial Institutions and Consumer Credit, chaired by Reps. Robert Ney (R-Ohio) and Spencer Bachus (R-Ala.) will hold a joint hearing on March 30 as part of their continuing examination to define the differences between the subprime market and abusive lending. The hearing, “Subprime Lending: Defining the Market and Its Customers” continues the work the two Subcommittees began last November when they held a joint hearing to discuss curbing abusive lending practices. The hearing will focus on a delineation of what constitutes subprime lending and the role it plays in meeting the housing finance needs of consumers.
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