For immediate release

The Federal Reserve Board today requested comment on proposed revisions to Regulation M to implement amendments of the Consumer Leasing Act. The act requires lessors to provide uniform cost and other disclosures for car leasing and other types of consumer lease transactions. Comment is requested by February 7, 1997. The proposed revisions primarily implement amendments to the act contained in the Economic Growth and Regulatory paperwork Reduction Act of 1996, which streamline the advertising disclosures for lease transactions. In addition, the proposal contains several technical amendments that would be made to the regulation. The Board's notice is attached.

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1996 Banking and consumer regulatory policy