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Wednesday, September 10, 2014

Threshold Increased for Exempt Consumer Credit, Lease Transactions

The Federal Reserve and CFPB announced the dollar threshold for exempting consumer credit and lease transactions under Regulation Z (Truth in Lending Act) and Regulation M (Consumer Leasing Act) will increase from $53,500 to $54,600 on Jan. 1, 2015. The threshold adjustment reflects the annual percentage increase in the Consumer Price Index as of June 1, 2014.

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