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FDIC Federal Register Citations


Spodeder, Chelli [] 




Wednesday, March 23, 2005 2:31 PM


Comments on Julie L. Williams speech

I was pleased to read parts of the speech Julie Williams made on January 12th, 2005 to Women in Housing and Finance and the Excheque Club. It is obvious that things are out of control when it comes to regulations in regards to consumer lending at the present time. The consumer should know and understand their rights but there needs to be an easier way to present it to the consumer and it needs to be less time consuming for the banker. Not only do they need to put themselves in the position of the consumer as they are doing this "testing", that Williams is talking about doing, but they need to also put themselves in the place of the banker as they make and service loans. If you stop to think about all the regulations and policies that a lender must run through their mind as they are trying to take an application for a home loan - it's unreal. I use to enjoy being a lender - not so much anymore,

Last Updated 05/19/2005

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