Thresholds for consumer loan and lease amounts subject to certain protections of Regulation Z (Truth in Lending Act) and Regulation M (Consumer Leasing Act) will rise in 2025 from $69,500 to $71,900, federal agencies said […]
Merchandise obtained by customers from a leasing firm will be kept by those who leased it, and the firm will pay a $2 million penalty, after a federal agency found the firm tricked the customers […]
Consumer credit and lease transactions involving $66,400 or less are exempt in 2023 from Truth in Lending Act (Regulation Z) and Consumer Leasing Act (Regulation M) requirements, according to releases Thursday by the Consumer Financial […]
Dollar thresholds have been set at $58,300 for determining exempt consumer credit and lease transactions in 2020 under rule changes issued jointly by the Federal Reserve and the Consumer Financial Protection Bureau (CFPB) and slated […]
Four information collections are up for renewal at the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB): consumer leasing disclosures, information retention under mortgage acts and practices rules, disclosures related to mortgage assistance […]
Four information collections under rules of the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) are up for revision, without any change, according to the bureau, which says it’s accepting public comments on […]
The Federal Reserve Board is proposing to extend for three years its recordkeeping and disclosure requirements for financial firms related to the federal consumer protection agency’s consumer leasing rule, according to a notice Thursday in […]
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