Fraud, you know, is a business practice. And protecting fraud is the primary function of The Fed, as we learn from a Bloomberg article today:
Consumer groups and industry lawyers say a rule under consideration by the central bank would make it harder for borrowers to exercise their right of rescission, which forces a lender to relinquish a lien on a mortgaged property. They said the number of rescissions has grown in recent years as a result of the foreclosure crisis and allegations that mortgage documents were fabricated or processed improperly.
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