CFPB issues final rule expanding definition of "small creditor" and "rural areas" under TILA

Wendy Tran and Richard J. Andreano, Jr. The CFPB has issued a final rule that revises the definitions of "small creditor" and "rural areas" under Regulation Z of the Truth in Lending Act (TILA). The final rule is effective January 1, 2016. We previously reported on the CFPB proposal to adopt these amendments. The CFPB believes that small creditors play an important... More >...(read more)

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