Janet Yellen: Strong foundations - the economic futures of kids and communities Welcoming remarks by Ms Janet L Yellen, Chair of the Board of Governors of the Federal Reserve System, at the 10th Biennial Federal Reserve System Community Development Research Conference "Strong Foundations: The Economic Futures of Kids and Communities", Washington DC, 23 March 2017.
These disclosures are designed to better focus consumer attention on mortgage features, such as variable rates, that might be appropriate for some consumers, but potentially risky for others. And we have proposed to ban compensation methods that give originators incentives to steer borrowers to loans with higher rates or disadvantageous terms.