Bankowość centralna · 04/04/2011

Dodd-Frank Act Amends Truth in Lending Act Threshold

The Dodd-Frank Wall Street Reform and Consumer Protection Act increased the threshold for exempt consumer credit transactions from $25,000 to $50,000, effective July 21, 2011, and will be adjusted annually by the Consumer Price Index for Urban Wage Earners and Clerical Workers starting December 31, 2011.