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Rule

Consumer Leasing (Regulation M); Correction

Action

Interim Final Rule; Correction.

Summary

The Bureau of Consumer Financial Protection (Bureau) is correcting an interim final rule that appeared in the Federal Register of December 19, 2011 (76 FR 78500). The interim final rule established a new Regulation M (Consumer Leasing) in accordance with the transfer of rulemaking authority for the Consumer Leasing Act of 1976 (CLA) from the Board of Governors of the Federal Reserve System to the Bureau under Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act.1

1Section 1066 of the Dodd-Frank Act grants the Secretary of the Treasury interim authority to perform certain functions of the Bureau. Pursuant to that authority, Treasury is publishing this interim final rule on behalf of the Bureau.

Unified Agenda

Restatement of Federal Consumer Financial Law Regulations

3 actions from December 21st, 2011 to December 2013

  • December 21st, 2011
    • Interim Final Rule With Request For Public Comment
  • February 27th, 2012
    • Interim Final Rule Comment Period End
  • December 2013
    • Final Rule
 

Table of Contents Back to Top

DATES: Back to Top

Effective December 30, 2011.

FOR FURTHER INFORMATION CONTACT: Back to Top

Courtney Jean or Priscilla Walton-Fein, Office of Regulations, at (202) 435-7700.

SUPPLEMENTARY INFORMATION: Back to Top

In the interim final rule (FR Doc. 2011-31723) appearing on page 78500 in the Federal Register of Monday, December 19, 2011, the following correction is made:

begin regulatory text

Supplement I to Part 1013 [Corrected] Back to Top

1.On page 78514, in the first column, after the sixth full paragraph, insert the following: “iii. From January 1, 2012 through December 31, 2012, the threshold amount is $51,800.”

end regulatory text

Heidi Cohen,

Senior Counsel for Regulatory Affairs, Department of the Treasury.

[FR Doc. 2011-33354 Filed 12-28-11; 8:45 am]

BILLING CODE 4810-AM-P

Footnotes Back to Top

1. Section 1066 of the Dodd-Frank Act grants the Secretary of the Treasury interim authority to perform certain functions of the Bureau. Pursuant to that authority, Treasury is publishing this interim final rule on behalf of the Bureau.

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