CFPB, Fed update statutory triggers for HOEPA, Regulations Z and M

The Federal Reserve and the CFPB released final rules that increase the dollar thresholds in Regulation Z and Regulation M for exempt consumer credit and lease transactions. The increases are consistent with the Dodd-Frank Act amendments to the Truth in Lending Act and the Consumer Leasing Act to adjust these thresholds annually by the annual percentage increase in the consumer price index for urban wage earners and clerical workers.