CFPB Announces Annual Threshold Adjustments For Various Provisions
The Consumer Financial Protection Bureau (CFPB) recently announced five final rules that adjust certain dollar thresholds used in Regulations M, V, and Z. These adjustments were effective yesterday.
The first rule amends Regulation Z, which implements the Truth in Lending Act (TILA), to adjust threshold dollar amounts for certain provisions impacting HOEPA loans and qualified mortgages.
The second rule is a joint rulemaking between the CFPB, the Federal Reserve Board, and the Office of the Comptroller of the Currency to adjust the threshold for exempting loans from special appraisal requirements under the TILA Higher Priced Mortgage Loan Appraisal rule.
The third and fourth rules are joint rulemakings between the CFPB and the Federal Reserve Board to adjust the thresholds in Regulation Z and Regulation M for determining the exempt consumer credit transactions under TILA and the exempt consumer lease transactions under the Consumer Leasing Act.
The fifth rule amends an appendix for Regulation V, which implements the Fair Credit Reporting Act, adjusting the maximum allowable charge for disclosures by a consumer reporting agency to a consumer for 2026.
The Place for Lending Visionaries and Thought Leaders. We take you beyond the latest news and trends to help you grow your lending business.
