December 01, 2021

Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions

  • Board of Governors of the Federal Reserve System
  • Consumer Financial Protection Bureau

For release at 4:30 p.m. EST

The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2022 are exempt from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).

By law, the agencies are required to adjust the thresholds annually based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, known as CPI-W. Transactions at or below the thresholds are subject to the protections of the regulations.

Based on the annual percentage increase in the CPI-W as of June 1, 2021, the protections of Regulations Z and M generally will apply to consumer credit transactions and consumer leases of $61,000 or less in 2022. However, private education loans and loans secured by real property (such as mortgages) are subject to Regulation Z regardless of the amount of the loan.

Media Contacts:
Federal Reserve
Laura Benedict
Anson Purdy
Last Update: December 01, 2021