Agencies Set Thresholds for Truth in Lending and Consumer Leasing Rules
The Consumer Financial Protection Bureau and Federal Reserve Board announced that, due to a 3.4% increase in the Consumer Price Index, Regulation Z and Regulation M will apply to consumer credit transactions and leases of $71,900 or less in 2025, while certain loans, like private education loans and mortgages, remain subject to Regulation Z regardless of amount. [10/4/24]