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CFPB and Federal Reserve Board Increase Thresholds for Exempt Consumer Credit...

On November 20, the CFPB and the Federal Reserve Board announced that, effective January 1, 2013, dollar thresholds in Regulation Z (TILA) and Regulation M (Consumer Leasing Act) for exempt consumer...

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Federal Reserve, CFPB Announce Increased Consumer Credit, Lease Transaction...

On November 20, the Federal Reserve Board and the CFPB announced an increase in the dollar thresholds in Regulation Z (TILA) and Regulation M (Consumer Leasing) for exempt consumer credit and lease...

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Federal Register Publishes CFPB Notice to Renew the Approval for the Existing...

On May 4, the Federal Register published the CFPB’s notice and request for comment, “Consumer Leasing Act (Regulation M) 12 CFR 1013.” The CFPB is requesting to renew the approval of Regulation M...

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FTC Provides Annual Financial Acts Enforcement Report to CFPB and Federal...

On June 9, the FTC announced that it has provided to the CFPB its 2014 Annual Financial Acts Enforcement Report. The report highlights the FTC’s enforcement, research, rulemaking, and policy...

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FTC Resolves Claims Against Auto Dealers Based on Alleged Deceptive Advertising

On June 29, the FTC filed two administrative complaints and issued proposed orders against two Las Vegas auto dealers to resolve allegations that they engaged in misleading advertising practices that...

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FTC Announces Final Consent Orders Against Auto Dealers for Alleged Deceptive...

On October 20, the FTC announced that, following a public comment period, it approved final consent orders against two Las Vegas auto dealers for allegedly engaging in deceptive advertising practices....

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FTC Announces Settlement with Ohio Auto Dealers

On November 24, the FTC announced that two Ohio auto dealers agreed to settle FTC charges that they deceived consumers with misleading advertisements. Specifically, the FTC alleged that the auto...

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Agencies Announce 2016 Consumer Credit, Lease Transaction Thresholds

On November 25, the Federal Reserve and the CFPB announced that the dollar thresholds in Regulation Z and Regulation M for exempt consumer credit and lease transactions will not change in 2016. Based...

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FTC Submits Annual Report on 2015 Enforcement Actions to CFPB

On June 6, the FTC announced that it submitted its 2015 Annual Financial Acts Enforcement Report to the CFPB. The report covers the FTC’s enforcement activities related to compliance with Regulation Z...

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FTC Approves Consent Order Against Two Ohio-Based Auto Dealers

On July 14, the FTC announced the approval of a final consent order against two Ohio-based auto dealers to resolve allegations that they failed to make certain advertising disclosures in violation of...

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Federal Reserve and CFPB Propose Method for Adjusting TILA and Consumer...

On July 22, the CFPB and the Federal Reserve released  proposed rules detailing the method for adjusting the dollar thresholds in Regulation Z (TILA) and Regulation M (Consumer Leasing Act/CLA) for...

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