The fallout from the demise of Abbey Financial Corp., Cambridge, Mass., has begun raining on the state's residential lending industry.

Last Thursday, Thomas J. Curry, acting commissioner of banks in Massachusetts, held a public hearing in Boston on a controversial set of regulations he proposed last month that has local lenders red with rage.

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.