Agencies issue proposal on method to adjust thresholds for exempting certain consumer credit and lease transactions
Posted: Thu Jul 21, 2016 3:00 pm
Federal Reserve Board of Governors
Consumer Financial Protection Bureau
For release at 11:00 a.m. EDT
July 22, 2016
Agencies Issue Proposal on Method to Adjust Thresholds for Exempting Certain Consumer Credit and Lease Transactions
The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) today issued a proposal 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 Act and the ... (read more)