Remarks at the Westchester County Bankers Association, Tarrytown, New York.

Remarks at the Quarterly Regional Economic Press Briefing, New York City.

Remarks by President Dudley at the Brooklyn Chamber of Commerce Brooklyn Borough Hall, Brooklyn, New York.

Opening Remarks at the Distressed Residential Real Estate: Dimensions, Impacts, and Remedies Conference, New York City.

Remarks at the at the Society of American Business Editors and Writers Fall Conference, City University of New York, Graduate School of Journalism, New York City.

Remarks at the University at Buffalo, Buffalo, New York.

President Pianalto began by sharing her views on how financial innovation has reshaped the mortgage market over the past few decades. She spoke about the promises and pitfalls of that innovation and about how the current situation in the mortgage market has unfolded. Finally, she described ideas...

Within this increasingly complex mortgage market, policymakers must preserve the benefits of financial innovation while protecting consumers from unfair and abusive practices.

The Federal Reserve Bank of New York (FRBNY) Consumer Credit Panel, created from a sample of U.S. consumer credit reports, is an ongoing panel of quarterly data on individual and household debt. The panel shows a substantial run-up in total consumer indebtedness between the first quarter of 1999...