The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) announced the annual adjustments to the dollar thresholds used in determining whether certain consumer credit and lease transactions are exempt from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for 2022. The new 2022 thresholds show that the protections of Regulations Z and M will apply to consumer credit transactions and consumer leases of $61,000 or less. Private education loans and loans secured by real property (such as mortgages) are subject to Regulation Z regardless of the amount of the loan.
