The Federal Reserve Board and the Bureau of Consumer Financial Protection (the “Agencies”) announced an increase in the thresholds applicable in determining if a consumer credit or consumer lease transaction will be exempt from Regulations Z and M. Effective January 1, 2019, the exemption thresholds will increase from $55,800 to $57,200. These thresholds apply to “exempt transactions” as defined by Regulation Z; private education loans and consumer loans secured by real property are not “exempt transactions” and are not impacted by this change.
