(Advocacy) submitted comments on the Board of Governors for the Federal Reserve's (Board) proposed regulation on Regulation Z; Docket No R-1390 Truth in Lending and Regulation Z; Docket No R-1393 Truth in Lending. The proposed rule for Docket No. R-1390 addresses issues concerning open-end and closed-end loans secured by the consumer's principal dwelling. The proposed rule for Docket No. R-1393 will amend the provisions that apply to open end credit plans, in order to implement provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009.
A copy of Advocacy's letter can be found at http://www.sba.gov/sites/default/files/Letter_Dated_12_23.pdf and a fact sheet summarizing this letter at http://www.sba.gov/sites/default/files/factsfrs210_1223.pdf .
If you have questions regarding Advocacy's position on this issue, please do not hesitate to contact Jennifer Smith at 202-205-6533.
For more information about the Office of Advocacy, please visit our website at http://www.sba.gov/advocacy or telephone 202-205-6533.
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