On November 13, 2023, the Federal Reserve Board and the Consumer Financial Protection Bureau jointly issued an increase in the exemption thresholds for Regulation Z and Regulation M exemptions, which are tied to the Consumer Price Index (CPI-W) as of June 1. Loans or leases at or below the thresholds are subject to the protections of the regulations.
The regulators have released the new index limit for 2024 effective January 1, 2024. The new limit is $69,500 which is a change from the $66,400 figure in 2023.
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