For immediate release

The Federal Reserve Board today announced revisions to its Regulation M (Consumer Leasing) official staff commentary, which applies and interprets the requirements of the regulation. The revisions are effective immediately. Compliance is optional until March 31, 2000. The revisions provide guidance on disclosures for lease renegotiations and extensions, official fees and taxes, multiple-item leases, and advertisements. The Board's notice is attached.

Summary only | Summary and final rule (24 KB PDF)

1999 Banking and consumer regulatory policy