We are looking closely at practices such as prepayment penalties, failure to offer escrow accounts for taxes and insurance, stated-income and low-documentation lending, and the failure to give adequate consideration to a borrower's ability to repay. To ensure that any new rules will protect consumers without inappropriately reducing access to credit, the Board has obtained input from a wide variety of interested parties.
Taking account once again of the intimate relationships that exist between the various components of the monetary policy model, there is but little difference between inflation targeting and money supply guidelines (or for that matter a DCE, liquidity or interest rate anchor for monetary policy).