News release: “The Federal Trade Commissions Bureau of Economics will host a conference on May 29 to highlight and assess the role of consumer information in the current mortgage crisis from an economic perspective. Experts on real estate economics, information economics, consumer behavior, and consumer information policy will examine how consumer information and information regulation affect consumer choices, mortgage outcomes, and consumer welfare. For example, panelists will discuss the causes and effects of mortgage market product developments, the role of consumer information in mortgage choice and market outcomes, and the relationship between consumer information policy and the current mortgage crisis. They will also discuss strategies for ensuring that new consumer protection regulations, especially mandatory information disclosures, will provide the greatest possible long-run net benefit to consumers. This exchange may yield concrete ideas for the development and implementation of more cohesive, comprehensive, and effective consumer information policies.”
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