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FRS RIN: 7100-AE92 Publication ID: Fall 2023 
Title: Regulation M--Consumer Leasing (Docket No: R-1591) 

The Board of Governors of the Federal Reserve System (Board) proposed revising its Regulation M, which was issued to implement the Consumer Leasing Act (CLA). Title X of the Dodd-Frank Wall Street and Reform and Consumer Protection Act (Dodd-Frank Act) transferred rulemaking authority for a number of consumer financial protection laws, including the CLA, from the Board to the Consumer Financial Protection Bureau (CFPB). Under section 1029 of the Dodd-Frank Act, however, the Board retains authority to issue rules for motor vehicle dealers that are predominantly engaged in the sale and servicing of motor vehicles, the leasing and servicing of motor vehicles, or both, and are otherwise not subject to the CFPB's regulatory authority. The Board proposed to revise its Regulation M and the accompanying Official Staff Commentary to reflect this change in the Board's Regulation M.

Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 213   
Legal Authority: 15 U.S.C. 1667    15 U.S.C. 1601   
Legal Deadline:  None
Action Date FR Cite
Board Requested Comments  01/03/2018  83 FR 286   
Board Requested Comment Period End  03/05/2018 
Board Expects Further Action  03/00/2024 
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:
Lorna M. Neill
Senior Counsel
Federal Reserve System
Division of Consumer and Community Affairs,
Washington, DC 20551
Phone:202 973-5080