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The bureau is required every year to calculate the dollar amounts for several provisions in Regulation Z.
The final rule reviews the dollar amounts for provisions implementing amendments to TILA under the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act), the Home Ownership and Equity Protection Act of 1994 (HOEPA), and the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
These amounts are adjusted, where appropriate, based on the annual percentage change reflected in the Consumer Price Index in effect on June 1, 2014. The minimum interest charge disclosure thresholds will remain unchanged in 2015.
To read the CFPB’s most recent Aug. 15 announcement, click here.
UNCLAIMED PROPERTY REMIT. REPORT DUE
updated 05/31/16 09:51 AM
Also: Controls, Accounting Webinar
The upcoming report-and-remit period is the second of a two-part process which includes reporting unclaimed property to the California State Controller’s Office on Nov. 1, and then—between June 1 and June 15 of the following year—reporting and remitting any property that has not been reunited with its owner.
CONFERENCE CALL: CHANGES TO REG Z
updated 05/23/16 03:02 PM
OT Rules, Deposit Recon. Practices
Credit union professionals can join a conference call briefing on May 25 by the Consumer Financial Protection Bureau (CFPB) regarding changes to Regulation Z implementing the Helping Expand Lending Practices in Rural Communities Act (HELP Rural Communities Act) contained in the Fixing America’s Surface Transportation Act (Public Law 114-94).