# Consumer Leasing (Regulation M)
> **US Federal Reserve System** · Final rules and official interpretations. · Published 2024-10-15 · Effective 2025-01-01 · 89 FR 82934
## Document
- **Document number:** 2024-23276
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 89 FR 82934
- **CFR reference:** 12 CFR 213
- **Publication date:** 2024-10-15
- **Effective date:** 2025-01-01
- **Docket:** Docket No. R-1842
## Abstract

The Board and the CFPB (collectively, Agencies) are finalizing amendments to the official interpretations for the Agencies' regulations that implement the Consumer Leasing Act (CLA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the CLA by requiring that the dollar threshold for exempt consumer leases be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the annual percentage increase in the CPI-W as of June 1, 2024, the exemption threshold will increase from $69,500 to $71,900 effective January 1, 2025. Because the Dodd-Frank Act also requires similar adjustments in the Truth in Lending Act's threshold for exempt consumer credit transactions, the Agencies are making similar amendments to each of their respective regulations implementing the Truth in Lending Act elsewhere in the Rules section of this issue of the Federal Register.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2024/10/15/2024-23276/consumer-leasing-regulation-m)
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