Consumer Issues & Information


Date Title Category
December 13, 2010 Consumer Leasing

New proposed amendments to Regulation Z and Regulation M would apply the Truth In Lending Act and the Consumer Leasing Act, respectively, to consumer credit transactions and leases of up to $50,000. The current limit is $25,000. The proposed amendments are intended to implement requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Public comments are due February 1.

June 17, 2010 Community Reinvestment Act

A new proposed rule would encourage depository institutions to support HUD's Neighborhood Stabilization Program (NSP) by lending and investing to support NSP activities in certain areas.

June 15, 2010 Credit Cards

The final rule implementing the Credit CARD Act of 2009 has been approved and will take effect August 22.

March 23, 2010 Regulation E

A new final rule, part of the Credit CARD Act of 2009’s implementation, restricts, among other things, inactivity fees for gift cards and other kinds of prepaid products. The rule takes effect August 22.


March 15, 2010 Regulation Z

A new proposed rule, part of the Credit CARD Act of 2009’s implementation, would protect credit card users from unreasonable late payment and other penalty fees and would require card issuers to reconsider interest rate increases. Public comments on the proposed rule are due by April 14.


February 26, 2010 Credit Cards

The Federal Reserve has launched a new interactive website, designed to help consumers understand the new credit card protections taking effect February 22


February 26, 2010 Overdraft Fees

The Federal Reserve has clarified the overdraft rules it issued in late 2009 under Regulations E and DD. Public comment on the proposed clarifications are due in late March. A new online manual is designed to help consumers understand new protections against overdraft fees on debit-card and ATM transactions.