![[bypass navigation]](/images_common/spacer.gif){kind=small}  |
|
|
|
|
|
|
|
|
|
|
|
![[About the Fed]](/images_common/navigation/about.gif){kind=small} |
![[Banking Information]](/images_common/navigation/banking.gif){kind=small} |
![[Community Development]](/images_common/navigation/community.gif){kind=small} |
![[Consumer Information]](/images_common/navigation/consumer.gif){kind=small} |
![[Economic Research]](/images_common/navigation/research.gif){kind=small} |
![[Education Resources]](/images_common/navigation/education.gif){kind=small} |
![[News and Events]](/images_common/navigation/news.gif){kind=small} |
![[Publications]](/images_common/navigation/over/publications.gif){kind=small} |
![[Financial Services]](/images_common/navigation/financial.gif){kind=small} |
|
|
|
|
|
|
|
|
|
|
|
| You Are Here: HOME : Publications : CB Spring 2008 | ![[Economic Data]](/images_common/fred.gif){kind=small} |
|
Subprime Crisis: Is There a Way Out? Greatly Strengthened Banking System Aided Economy Since Early 1990s Fed Invites Banks To Explore Innovation in Community Development District Banks Face Challenging Environment Recent Changes to the Fed’s Communication Strategy: Loud and Clear? Payments Study: Checks Down, Not Out, While Debit Card Use Rises
|
Out for CommentFed Proposing Changes to Regulation Z (Truth in Lending)In response to turmoil in the subprime mortgage market, the Federal Reserve is proposing several changes to Regulation Z (Truth in Lending) that would restrict certain practices and require certain mortgage disclosures to be provided earlier in the transaction. The Fed is seeking to adopt these changes under the Home Ownership and Equity Protection Act (HOEPA). Some of the proposed revisions would apply to all subprime mortgages as well as most prime mortgages. The revisions include limits on yield spread premiums, prohibitions on some loan servicing practices, prohibitions on certain advertising practices for closed-end loans, and requirements that truth-in-lending disclosures must be provided early in the mortgage shopping process. Comment on the proposal by April 8 at www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm. |
