• Regulation Z Open-End Credit Rules Comment Period Reopened
  • October 24, 2005
  • Law Firm: Wilmer Cutler Pickering Hale and Dorr LLP - Washington Office
  • On October 11, the Board of Governors of the Federal Reserve System published its second advance notice of proposed rulemaking (ANPR) regarding the open-end credit rules under Regulation Z, which implements the Truth in Lending Act (TILA). As part of its periodic review of Regulation Z, the Board published the first ANPR addressing the open-end credit rules in December 2004 and sought public comment on a variety of issues relating to the format and content of open-end credit disclosures and the substantive protections provided under Regulation Z.