The CFPB and the Federal Reserve Board set dollar thresholds for exempt consumer credit and lease transactions in 2020.
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The Board of Governors of the Federal Reserve System proposed amending Regulation M, which was issued to implement the Consumer Leasing Act.
The Board of Governors of the Federal Reserve Board repealed certain Home Mortgage Disclosure regulations (Regulation C) which have been superseded by rules adopted by the CFPB.
The Office of the Comptroller of the Currency published an updated list of permissible activities for national banks and federal savings associations.
The Consumer Financial Protection Bureau ("CFPB") and the Board of Governors of the Federal Reserve System ("FRB") published final rules amending the official interpretation of and commentary on the agencies' regulations that implement the Consumer Leasing Act ("Regulation M") and the Truth in Lending Act ("Regulation Z"). Dodd-Frank amended both acts by requiring that the dollar threshold for exempt consumer leases and consumer credit transactions be adjusted annually by a percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers ("CPI-W"). Based on the