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The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) increased the threshold in the Truth in Lending Act for exempt consumer credit transactions from $25,000 to $50,000, effective July 21, 2011.  In addition, the Dodd-Frank Act requires that, on and after December 31, 2011, this threshold be adjusted annually for inflation by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).  Section 1026.3(b)(1)(ii) of the CFPB’s Regulation Z and 226.3(b)(1)(ii) of the Board's Regulation Z, and their accompanying commentaries, provide that the exemption threshold will be adjusted annually effective January 1 of each year based on any annual percentage increase in the CPI-W that was in effect on the preceding June 1.  The CFPB and the Board issued a proposal on August 4, 2016, to amend the official interpretations to explain that the CFPB and the Board will not adjust the exemption threshold from the prior year when there is no annual percentage increase in the CPI-W, and the calculation method for determining the adjustment in years following a year in which there is no annual percentage increase in the CPI-W.  The CFPB worked with the Board to issue jointly a final rule.