WASHINGTON — Federal Reserve Board Governor Edward M. Gramlich on Friday said that to better combat abusive lending practices, regulators may need to go beyond recently proposed changes in existing law.

“Other steps may need to be taken, and may be taken, to deal with predatory lending,” he said in a speech at Cleveland State University.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.