CFPB Announces Annual Threshold Adjustments for Credit Cards and Mortgages
Troutman Sanders
SEPTEMBER 19, 2023
Specifically, the final rule provides for the following adjustments: For open-end consumer credit plans under TILA, the threshold that triggers requirements to disclose minimum interest charges will remain unchanged at $1.00 For qualified mortgages (QMs) under the General QM loan definition in §1026.43(e)(2),
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