On September 9, 2014, the Board of Governors of the Federal Reserve System  (“Federal Reserve Board”) and the CFPB announced amendments to both  Regulation M (Consumer Leasing) as well as Regulation Z (Truth in Lending).  The amendments would increase the dollar thresholds in Regulation Z and M for  exempt consumer credit and lease transactions. Transactions at or below the  thresholds remain subject to the provisions of Regulations M and Z. In general,  based on currently available information, the adjustments would result in  consumer credit transactions and consumer leases of $54,600 or less in 2015 being  subject to the provisions the amended regulations. 

The full text of the amendment to Regulation M is available at: 


The full text of the amendment to Regulation Z is available at: