Federal Register Publishes CFPB Notice to Renew the Approval for the Existing Collection, "Consumer Leasing Act (Regulation M)"

CFPB Consumer Leasing Act

On May 4, the Federal Register published the CFPB’s notice and request for comment, “Consumer Leasing Act (Regulation M) 12 CFR 1013.” The CFPB is requesting to renew the approval of Regulation M without change. Consumers depend on Regulation M to shop for and compare leases, and, under Regulation M’s recordkeeping requirement, federal and state enforcement agencies are able to determine whether consumers receive accurate and complete disclosures of loan costs. Comments regarding the renewal of Regulation M are due on or before July 6, 2015.