Agencies Announce Dollar Thresholds for Applicability of Truth in Lending and Consumer Leasing Rules for Consumer Credit and Lease Transactions
Summary
- The CFPB and FRB have set dollar thresholds for consumer credit and lease transactions in 2026 under Regulation Z and Regulation M.
- These thresholds determine which transactions are subject to certain protections.
Why It Matters for Texas Credit Unions
Relevant as it affects all credit unions, including those in Texas, regarding compliance with federal regulations.
Original Source Material
The CFPB and the FRB are announcing the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2026 are subject to certain protections under Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).