In addition to ensuring that institutions comply with the Truth in Lending Act and other applicable laws, the draft guidance urges institutions to ensure that their advertisements, promotional materials, and oral communications are consistent with the product terms and that these communications provide clear, balanced, and timely information about the risks.
As I said, I won’t promise that there will be no withdrawals here and there from the market; a small banking crisis can neither be predicted nor fully eliminated. However, it has become far less likely; an incredible number of new rules and a vast improvement in supervision have made a banking crisis more improbable. However, you can obviously not eradicate it completely.