Congress limited new EGRRCPA part 108 exception to this rule so you’re able to covered depositories and you will credit unions that have possessions out-of $ten billion otherwise shorter

The newest Bureau keeps figured, even in the event brand new TILA area 129D(c)(2)(A) cannot explicitly allow for a grace period, the fresh new Bureau is rationalized in making use of an identical sort of elegance months regarding the fresh exception to this rule given that delivered to regarding existing regulating exclusion. EGRRCPA point 108 particularly cites so you’re able to and you can hinges on regions of the present regulatory exception to this rule, hence uses sophistication attacks definitely items. Continue reading “Congress limited new EGRRCPA part 108 exception to this rule so you’re able to covered depositories and you will credit unions that have possessions out-of $ten billion otherwise shorter”