WASHINGTON, Dec. 15 -- Federal Reserve System has issued a rule called: Truth in Lending (Regulation Z).
The rule was published in the Federal Register on Dec. 15 by Benjamin W. McDonough, Deputy Secretary of the Board.
Summary: The Board and the Bureau (collectively, Agencies) are publishing final rules amending the official interpretations for the Agencies' regulations that implement the Truth in Lending Act (TILA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended TILA by requiring that the dollar threshold for exempt consumer credit transactions be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the annual...