Federal Reserve Board repeals Regulation C and seeks public comment on proposal to revise Regulation

Federal Reserve Board press release --------- The Federal Reserve Board on Monday announced the repeal of one regulation and the revision of a second to reflect the transfer of certain consumer protection rulewriting authority to the Consumer Financial Protection Bureau (CFPB). The Board is publishing a final rule to repeal Regulation C (Home Mortgage Disclosure), which has been superseded by final rules issued by the CFPB. The Board is also publishing a proposal to revise its Regulation M (Consumer Leasing) to reflect changes in the coverage of the Board's rule under the Dodd-Frank Wall Street Reform and Consumer Protection Act. To learn more click on the picture below to read the release.