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FRS RIN: 7100-AE57 Publication ID: Fall 2016 
Title: ●Regulation Z--Truth in Lending (Docket No: R-1546) 

The Board of Governors of the Federal Reserve System (Board) and the Bureau of Consumer Financial Protection (Bureau) are proposing to amend the official interpretations and commentary for the Agencies' regulations that implement the Truth in Lending Act.  The 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. If there is no annual percentage increase in the CPI-W, the Board and the Bureau will not adjust this exemption threshold from the prior year.  The proposal would memorialize this as well as the Agencies' calculation method for determining the adjustment in years following a year in which there is no annual percentage increase in the CPI-W.


Because the Dodd-Franks Act also requires similar adjustments in the Consumer Leasing Act's threshold for exempt consumer leases, the Board and the Bureau are proposing similar amendments to the commentaries to each of their respective regulations implementing the Consumer Leasing Act elsewhere in the Federal Register.

Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 226.3   
Legal Authority: 12 U.S.C. 111    12 U.S.C. 203   
Legal Deadline:  None
Action Date FR Cite
Board Requested Comment  08/04/2016  81 FR 51404   
Board Expects Further Action  11/00/2016 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Federal 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Vivian Wong
Senior Counsel
Federal Reserve System
Division of Consumer and Community Affairs,
Washington, DC 20551
Phone:202 452-3667