To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
In a press release, the Federal Reserve Board has announced the issuance of a final rule, effective October 1, 2002, that amends its regulations aimed at curbing predatory lending. A copy of the Board's notice is attached (pdf - 104kb).
Questions on this matter may be directed, at this Bank, to Janice A. Oser, Bank Supervision Officer, Compliance Division.