More recently, the Board adopted new credit card rules to increase transparency and protect consumers from a variety of unfair and deceptive acts and practices, rules that were largely incorporated into subsequent legislation. We are currently working on rulemakings in the areas of overdraft protection, reverse mortgages, and gift cards.
Making supervision more effective Let me turn from regulation (the development of rules and standards that govern banks' practices) to supervision (ongoing oversight and enforcement to ensure that the rules are being followed).