Finanse i konsumenci · 20/12/2019

Bureau of Consumer Financial Protection Adjusts Asset-Size Exemption Threshold for Banks, Savings Associations, and Credit Unions

The Bureau of Consumer Financial Protection is updating its Regulation C guidance to reflect the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers, resulting in a $1 million increase to the exemption threshold for banks, savings associations, and credit unions, from $46 million to $47 million, and exempting institutions with assets of $47 million or less as of December 31, 2019, from collecting data in 2020.