BIS Review 104/2007  3  are developing two sets of proposed changes to TILA rules – one to address concerns about incomplete or misleading mortgage loan advertisements and solicitations and a second to require lenders to provide mortgage disclosures more quickly so that consumers can get the information they need when it is most useful to them.
However, the challenges that the advanced economies face to achieve adequate future economic growth go far beyond solving these international problems. The crisis has reduced the growth potential of these countries and has challenged the more recent growth model based on the creation of demand through credit and indebtedness, which relies on expansion in construction, car production or financial services.