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Regulators to Address Credit Crisis: Federal regulators...

From Times Staff and Wire Reports

Regulators to Address Credit Crisis: Federal regulators are expected to recommend four steps next week to ease the credit crunch, most likely including eased accounting rules on problem loans and relaxed treatment for real estate appraisals. But some regulators already are expressing reservations about the steps, developed by a task force headed by Treasury Undersecretary John Robson. They say the measures would undermine regulatory scrutiny of the industry. Some members of Congress, pressed by constituent businessmen who say they cannot get credit, maintain that the steps probably will not go far enough.


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