CFPB Adjusts Exemption Thresholds for Escrows Under TILA

Federal Issues Consumer Finance CFPB TILA Escrow Regulation Z

On December 23, the CFPB announced that it is amending the official commentary interpreting Regulation Z (Truth in Lending) to reflect a change in the asset size exemption thresholds required to establish an escrow account for higher-priced mortgages under Reg. Z. Under the amended commentary, the exemption threshold is adjusted to increase to $2.069 billion from $2.052 billion.