In this respect, excessive wage regulations are undermining job creation, in particular for young and less qualified workers as well as for all those who face problems entering the labour  9  See, for example, the analysis of the role of wage developments in the 1970s in explaining European unemployment in O. Blanchard, “The medium run”, Brookings Papers on Economic Activity, No.
Accordingly, the rules would prohibit lenders from engaging in a pattern or practice of making higher-priced mortgage loans without due regard to consumers' ability to make the scheduled payments. In each case, a lender making a higher-priced loan would have to use third-party documents to verify the income relied on to make the credit decision.