The reforms that legislators and authorities are called upon to carry out, at various supranational and national levels, will be based on common rules and a greater role for organizational and corporate governance variables.
As part of this project, the Federal Reserve will review nonbank subsidiaries of bank holding companies for compliance with a number of regulations, including TILA, HOEPA, the Equal Credit Opportunity Act, the Real Estate Settlement Procedures Act, and the Home Mortgage Disclosure Act.