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Monday
Nov302015

What's New? Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions

DateMonday, November 30, 2015 at 3:27PM by AuthorBanking Spectrum

The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2016. These thresholds are set pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amendments to the Truth in Lending Act and the Consumer Leasing Act that require adjusting these thresholds annually based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

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