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Truth in Lending (Regulation Z) [R-1546]

The Board and the CFPB are proposing to amend the official interpretations and commentary for the agencies' regulations that implement the Truth in Lending Act (TILA), which requires 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 Bureau will not adjust this exemption threshold from the prior year. The proposal would memorialize this as well as the agencies' calculation method for determining the adjustment in years following a year in which there is no annual percentage increase in the CPI-W.

No comments exist for this proposal.

Last update: July 12, 2022