Federal Open Market Committee
Monetary Policy Principles and Practice
Policy Implementation
Reports
Review of Monetary Policy Strategy, Tools, and Communications
Institution Supervision
Reporting Forms
Supervision & Regulation Letters
Banking Applications & Legal Developments
Regulatory Resources
Banking & Data Structure
Financial Stability Assessments
Financial Stability Coordination & Actions
Regulations & Statutes
Payment Policies
Reserve Bank Payment Services & Data
Financial Market Utilities & Infrastructures
Research, Committees, and Forums
Working Papers and Notes
Data, Models and Tools
Bank Assets and Liabilities
Bank Structure Data
Business Finance
Dealer Financing Terms
Exchange Rates and International Data
Financial Accounts
Household Finance
Industrial Activity
Interest Rates
Micro Data Reference Manual (MDRM)
Money Stock and Reserve Balances
Other
Regulations
Supervision & Enforcement
Community Development
Research & Analysis
Consumer Resources
The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
The Board is proposing to revise its Regulation M, 12 CFR part 213, which was issued to implement the Consumer Leasing Act (CLA). Title X of the Dodd-Frank Act transferred rulemaking authority for a number of consumer financial protection laws, including the CLA, from the Board to the Bureau of Consumer Financial Protection (Bureau). Under section 1029 of the Dodd-Frank Act, however, the Board retains authority to issue rules for motor vehicle dealers that are predominantly engaged in the sale and servicing of motor vehicles, the leasing and servicing of motor vehicles, or both, and are otherwise not subject to the Bureau's regulatory authority. The Board is proposing to revise its Regulation M and the accompanying Official Staff Commentary to reflect this change in the persons covered by the Board's Regulation M.
Displaying 1 to 2 of 2 records.