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FRS RIN: 7100-AE36 Publication ID: Spring 2016 
Title: ●Regulation Z--Truth in Lending (Docket No: R-1520) 
Abstract:

The Board of Governors of the Federal Reserve System (the Board) and the Consumer Financial Protection Bureau (Bureau) published final rules amending their regulations implementing the Truth in Lending Act (Regulation Z) to adjust the dollar threshold for exempt consumer credit transaction. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) requires that the dollar threshold be adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).  If there is no annual percentage increase in the CPI-W, the Board and Bureau will not adjust this exemption threshold from the prior year.  Based on the annual percentage decrease in the CPI-W as of June 1, 2015, the exemption threshold will remain at $54,600 through December 31, 2016.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 226.3(b)   
Legal Authority: 12 U.S.C. 5519    12 U.S.C. 1029 (b)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Adopted Final Rule  11/27/2015  80 FR 73947   
Final Action Effective  01/01/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Vivian W. Wong
Senior Counsel
Federal Reserve System
Division of Consumer and Community Affairs,
Washington, DC 20551
Phone:202 452-3667