WASHINGTON — Under threat by Congress to be stripped of its consumer protection power, the Federal Reserve Board issued a 660-page proposal Thursday that would enhance disclosures for mortgages, home equity lines of credit and fees paid to originators.

The far-reaching plan would require a recalculation of the annual percentage rate for some mortgages, prohibit certain payments to brokers and lengthen the amount of notice a lender must give before decreasing the size of a home equity line of credit.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.