Consumer Leasing (Regulation M) — 2024-10-15 [2024-23276]

Board of Governors of the Federal Reserve System (Board) and Consumer Financial Protection Bureau (CFPB). Final rules and official interpretations. The Board and the CFPB (collectively, Agencies) are finalizing amendments to the official ( printed page 82935) interpretations for the Agencies' regulations that implement the Consumer Leasing Act (CLA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the CLA by requiring that the dollar threshold for exempt consumer leases be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the annual percentage increase in the CPI-W as of June 1, 2024, the exemption threshold will increase from $69,500 to $71,900 effective January 1, 2025.