{"abstract":"The Board and the Bureau are publishing final rules amending the official interpretations and commentary for the agencies' regulations that implement the Consumer Leasing Act (CLA). Effective July 21, 2011, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the CLA by increasing the threshold for exempt consumer leases from $25,000 to $50,000 and requiring that, on or after December 31, 2011, this threshold be adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Accordingly, the exemption threshold was adjusted to $51,800 effective January 1, 2012. Based on the annual percentage increase in the CPI-W as of June 1, 2012, the Board and the Bureau are adjusting the exemption threshold from $51,800 to $53,000, effective January 1, 2013. Because the Dodd-Frank Act also requires similar adjustments in the Truth in Lending Act's threshold for exempt consumer credit transactions, the Board and the Bureau are making similar amendments to each of their respective regulations implementing the Truth in Lending Act elsewhere in the Federal Register.","action":"Final rules, official interpretations and commentary.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"BUREAU OF CONSUMER FINANCIAL PROTECTION","name":"Consumer Financial Protection Bureau","id":573,"url":"https://www.federalregister.gov/agencies/consumer-financial-protection-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/573","parent_id":null,"slug":"consumer-financial-protection-bureau"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2012/11/21/2012-27996.html","cfr_references":[{"chapter":null,"citation_url":null,"part":213,"title":12},{"chapter":null,"citation_url":null,"part":1013,"title":12}],"citation":"77 FR 69735","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This final rule is effective January 1, 2013.","disposition_notes":null,"docket_ids":["Docket No. R-1449","Docket No. CFPB-2012-0042"],"dockets":[],"document_number":"2012-27996","effective_on":"2013-01-01","end_page":69736,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2012/11/21/2012-27996.xml","html_url":"https://www.federalregister.gov/documents/2012/11/21/2012-27996/consumer-leasing-regulation-m","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2012-27996?publication_date=2012-11-21","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2012-11-21/2012-27996/mods.xml","not_received_for_publication":null,"page_length":2,"page_views":{"count":3173,"last_updated":"2026-08-26 10:15:07 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2012-11-21/pdf/2012-27996.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2012-27996.pdf?1353421636","publication_date":"2012-11-21","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2012/11/21/2012-27996.txt","regulation_id_number_info":{"7100-AD94":{"issue":"201310","html_url":"https://www.federalregister.gov/regulations/7100-AD94/regulation-hh-financial-market-utilities-docket-no-r-1455-","title":"Regulation HH--Financial Market Utilities (Docket No. R-1455)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201310&RIN=7100-AD94&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["7100-AD94"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2012-12-11T08:07:06Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":69735,"subtype":null,"title":"Consumer Leasing (Regulation M)","toc_doc":"Consumer Leasing","toc_subject":null,"topics":["Advertising","Consumer protection","Reporting and recordkeeping requirements"],"type":"Rule","volume":77}