The Bureau has announced its annual adjustments to the dollar amounts of various thresholds under TILA regulations, specifically the CARD Act, HOEPA, and ATR/QM, that will apply to certain consumer credit transactions in 2017. The notice also revises one of the 2016 safe harbor penalty fee amounts applicable to open-end consumer credit plans under the CARD Act, and such revision is effective upon publication in the Federal Register.
You can access the notice on our website at: http://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/truth-lending-regulation-z-annual-threshold-adjustments-card-act-hoepa-and-atrqm/.
CFPB Regulatory Implementation Team
Consumer Financial Protection Bureau
We are very pleased to announce an enhanced legislative monitoring system which will allow us to share an interactive and real time electronic summary of the legislation of interest to you.
Go to GBA’s website: http://www.gaffneybennett.com/
Click on green button in the top right corner: “Legislative Tracker Login”
Enter CMBA U/N and PW on login page (contact the CMBA office for password)
Our grid should appear along with some tabs allowing you to filter and search, etc.