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Final Rule
Truth in Lending (Regulation Z) Threshold Adjustments
 
 
Document Citation:
82 FR 51977
Type:
Final Rule
Type Detail:
Final Rule
Publish Date:
Nov 09, 2017
Effective Date:
Jan 01, 2018
Source:
Source    Source
Document Citation:
82 FR 51977
Type:
Final Rule
Type Detail:
Final Rule
Publish Date:
Nov 09, 2017
Effective Date:
Jan 01, 2018
Source:
Source    Source
 

The Board and the Bureau are publishing final rules amending the official interpretations and commentary for the agencies' regulations that implement the Truth in Lending Act (TILA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended TILA by requiring that the dollar threshold for exempt consumer credit transactions be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If there is no annual percentage increase in the CPI-W, the Board and the Bureau will not adjust this exemption threshold from the prior year. However, in years following a year in which the exemption threshold was not adjusted, the threshold is calculated by applying the annual percentage change in the CPI-W to the dollar amount that would have resulted, after rounding, if the decreases and any subsequent increases in the CPI-W had been taken into account. Based on the annual percentage increase in the CPI-W as of June 1, 2017, the exemption threshold will increase from $54,600 to $55,800 effective January 1, 2018.

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