Agencies issue final rule on method to adjust thresholds for exempting certain consumer credit and lease transactions and announce 2017 thresholds

[kreslik.news]

Consumer Financial Protection Bureau

Federal Reserve Board of Governors

For release at 1:00 p.m. EST
November 23, 2016
Agencies Issue Final Rule on Method to Adjust Thresholds for Exempting Certain Consumer Credit and Lease Transactions and Announce 2017 Thresholds
The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) today issued a final rule detailing the method that will be used to adjust the thresholds for exempting certain consumer credit and lease transactions from the Truth in Lending Act and Consumer Leasing Act.
The Dodd-Frank Act requires that the exemption thresholds in the Truth in Lending ... (read more)