Are Lower-Income Homebuyers Falling Through the Cracks of Consumer Protections? CFS Podcast with Carolina Reid
In this podcast, Dr. Carolina Reid of the Federal Reserve Bank of
San Francisco discusses the adequacy of consumer protections for
lower-income homebuyers. She discusses how her research relates to
recent federal policy changes, including the Dodd-Frank Act, and what
her research suggests for policy and practice going forward. Reid
discusses the lag between changes in the marketplace and regulatory
responses to these changes, and she responds to the claim that
government interventions into the economy--including consumer
protections in the mortgage market--harm market efficiency and lead to
unintended consequences.
To listen to the podcast, please click here.
* Please
note the views expressed in this podcast are those of Dr. Reid and do
not necessarily reflect those of the Federal Reserve, the Board of
Governors, or other members of the staff.
