Federal Reserve Board Issues Final Rule Under Regulation B Regarding Data Collection Compliance Requirements for Motor Vehicle Dealers

September 23, 2011

The Federal Reserve Board on September 20, 2011 issued a final rule amending Regulation B to provide that motor vehicle dealers are not required to comply with new data collection requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) until the Board issues final regulations to implement the statutory requirements.