Document Type




Format of Original

3 p.

Publication Date

Fall 2005


Federal Reserve Bank of Saint Louis

Source Publication



Following the lead of federal regulations, numerous states, counties and cities have enacted laws designed to reduce predatory lending. There is at least anecdotal evidence that predatory or abusive mortgage lending is primarily concentrated in the subprime market. However, the impact of these local predatory lending laws on the subprime mortgage market is unknown. The primary questions we examine are: do these laws affect the supply and flow of subprime mortgage credit and does the experience in North Carolina, the first state to enact a local predatory lending law, apply to other local laws?


Published version. Bridges (Autumn 2005): 5-7. Permalink. Originally published in Federal Reserve Bank of St. Louis Bridges. © 2005 by the Federal Reserve Bank of St. Louis. All views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of St. Louis or the Federal Reserve System.

Anthony Pennington-Cross was affiliated with the Federal Reserve Bank of St. Louis at the time of publication.