Finanse i konsumenci · 21/12/2023

CFPB Adopts New Asset-Size Exemption Threshold for Banks, Savings Associations, and Credit Unions

The Consumer Financial Protection Bureau (CFPB) has updated its Regulation C guidelines to reflect a 4.1% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), resulting in a new asset-size exemption threshold of $56 million, which will exempt banks, savings associations, and credit unions with assets of $56 million or less as of December 31, 2023, from collecting data in 2024.