Direct costs only or also including the indirect costs related to the wider adjustment of the economy and of the cost of borrowing? Including all gross outlays, or net of subsequent recoveries? While my earlier appearances before the Inquiry have touched on some of these questions, it is worth adding some further discussion. •  Net cost of Government assumption of banking liabilities.
For example, the Federal Reserve writes rules to implement the Truth in Lending Act, which Congress enacted to ensure that consumers receive clear information about credit terms and costs. The Federal Reserve is also responsible for rules that implement fair lending laws, such as the Equal Credit Opportunity Act, which prohibits discrimination in credit transactions.