Board Actions

Actions taken during the week ending March 26, 2011

Regulations and Policies

Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) -- final rules to implement a provision of the Dodd-Frank Act that increases the dollar thresholds for exempt consumer credit transactions and consumer leases from $25,000 to $50,000, with future annual adjustments to reflect increases in the consumer price index.
-Approved, March 22, 2011

Enforcement

Northern States Financial Corporation, Waukegan, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, March 22, 2011

Tidelands Bancshares, Inc., Mount Pleasant, South Carolina -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, March 22, 2011