Federal Reserve Proposes Amendments to Regulation Z to Clarify Rules Pertaining to Credit Cards

November 10, 2010

The Federal Reserve Board proposed on October 19, 2010 a rule amending Regulation Z (Truth in Lending) to clarify aspects of the Board's rules protecting consumers who use credit cards. The proposal is intended to enhance protections for consumers and to resolve areas of uncertainty so that card issuers fully understand their compliance obligations.