Thank you once again for having me today. For five years now, you have regularly invited me to talk with you and hear from you about what we are doing at the Consumer Financial Protection Bureau. We have always had a candid dialogue, and we share the goal of a strong and vibrant financial sector that works for both consumers and responsible businesses alike.
The Federal Reserve Board and the Consumer Financial
Protection Bureau (CFPB) today issued a final rule detailing the method that
will be used to adjust the thresholds for exempting certain consumer credit and
lease transactions from the Truth in Lending Act and Consumer Leasing Act.
The Consumer Financial Protection Bureau (CFPB),
Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) today
issued a final rule detailing the method that will be used to make annual
inflation adjustments to the threshold for exempting small loans from special