« What's New? NYS MLO Requirements | Main | What's New? Military Powers of Attorney »
Wednesday
Dec112013

What's New? Reg Z & M Threshold Exemptions for Consumer Credit and Lease Transactions

DateWednesday, December 11, 2013 at 4:16PM by AuthorBanking Spectrum

The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) announced increases tothe dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions. Transactions at or below the thresholds are subject to the protections of the regulations.

The adjustments to the thresholds reflect the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers as of June 1, 2013 and will take effect on January 1, 2014. These increases are consistent with amendments to the Truth in Lending and Consumer Leasing laws made by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

See The Gold Book for more information.

CommentPost a Comment Print ArticlePrint Article
Archived In: ,

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Response: NXT Women's Championship Belt
    by Young Bucks at WRestlingWorld on April 8, 2021
    well you better rush to know about the Dollar threshold to the guys who know the deals about it

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.