In dealing with these issues, the ECB may provide value added to the development of common euro area positions to be taken at the international level. Rationale for cooperation The relations of the ECB with other policymakers at the international level involve a number of cooperation activities designed to increase the “joint welfare” resulting from their policies.
Under HOEPA, the Board is considering changes that would stem abusive practices by addressing the following: a requirement to assess repayment ability, a requirement to escrow taxes and insurance, a ban on prepayment penalties in certain circumstances, a prohibition on a lender paying a broker more than the consumer had expressly agreed that the broker would receive, and a ban on specific advertising practices deemed unfair or deceptive.