Because some bad lending practices may require additional measures, the Federal Reserve will seriously consider how we might use our rulemaking authority to address abusive practices without restricting consumers' access to beneficial financing options and responsible subprime credit.
We will, along with the other supervisory agencies, also continue to actively use our other tools – such as supervisory guidance, the examination process, and our enforcement powers – to address specific practices that are abusive or otherwise inappropriate. 8  BIS Review 65/2007