FRB and CFPB Announce Annual Increases in Dollar Thresholds for Parts of Reg Z, M

The Federal Reserve Board and the Consumer Financial Protection Bureau announced increases in the dollar thresholds in Regulation Z and Regulation M for exempt consumer credit and lease transactions that will take effect Jan. 1, 2013.

Fed Increases Jumbo Mortgage Escrow Threshold

While the Fed increased the APR threshold, CUNA notes that credit unions have the option to continue to follow the lower threshold that applied prior to the change.

Final Credit Card Act Rules Released

Late Tuesday morning, June 15, the Federal Reserve Board published the final rules implementing the third (and last) phase of the Credit CARD Act. The rules are effective on August 22, 2010.