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Fed Adjust Regulatory Thresholds On Credit Products With Inflation

Jun 24, 2011

The Federal Reserve recently announced it would adjust some credit products to keep pace with inflation. Industry press has reported that, as mandated by the Dodd-Frank regulatory overhaul, the Fed is raising the level for consumer credit and lease transactions that can be exempted by protections under the truth-in-lending and consumer leasing regulations. Next year, those protections will cover consumer credit transactions and leases of $51,800 or less, up from the current limit of $50,000.