Finanse i konsumenci · 23/12/2021

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

The Bureau of Consumer Financial Protection is adjusting the asset-size exemption threshold for banks, savings associations, and credit unions under Regulation C, which now stands at $50 million, up from $48 million, following a 4.7% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. As a result, institutions with assets of $50 million or less as of December 31, 2021, will be exempt from collecting data in 2022.