Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Board issues interim final rule amending credit card provisions of Truth in Lending

News release: “The Federal Reserve Board on July 15, 2009 approved an interim final rule amending Regulation Z (Truth in Lending) to require creditors to increase the amount of notice consumers receive before the rate on a credit card account is increased or a significant change is made to the account’s terms. The amendments also allow consumers to reject such increases and changes by informing the creditor before the increase or change goes into effect.”

  • Related postings on financial system
  • Sorry, comments are closed for this post.