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Finanse i konsumenci · 26/06/2020

Bureau of Consumer Financial Protection Issues Interpretive Rule on Underserved Areas for Regulation Z

The Bureau of Consumer Financial Protection has issued an interpretive rule to clarify its definition of 'underserved' areas under Regulation Z, which implements the Truth in Lending Act, using data from the Home Mortgage Disclosure Act. The rule aims to supersede an outdated interpretation from 2015 and provides a clearer standard for identifying areas that meet the 'underserved' criteria.

Source: Federal Register — Consumer Financial Protection BureauOpen original release →