Fed Repeals Reg C, Proposes Reg M Changes

The Federal Reserve today issued a final rule repealing its Regulation C (Home Mortgage Disclosure Act), which has been superseded by final rules issued by the Consumer Financial Protection Bureau.

The Fed also proposed changes to Regulation M — which governs consumer leasing — to clarify the scope of the board’s supervisory authority following changes under the Dodd-Frank Act and Consumer Protection Act.  Comments on the proposal will be due 60 days after publication in the Federal Register.


About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.