Recognizing the value of public input and our experiences in consumer testing, the Board is now engaged in a similar review of the TILA rules for mortgage loans. This process began last summer when the Board convened four public hearings across the country to gather information on the adequacy of current mortgage disclosures, particularly disclosures for nontraditional and adjustable-rate products.
The continuous capacity-building of our staff, as well as the enhancement of our policies and methodologies in these areas including capital market and fintech development, will certainly support our primary objective of maintaining a stable monetary and financial system.