The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F ederal Reserve Ba n k o f Dallas DALLAS. TEXAS 75222 Circular No. 75-72 June 2, 1975 PROPOSED AMENDMENTS TO THE TRUTH IN LENDING ACT (REGULATION Z) Fair Credit Billing Act TO ALL BANKS, OTHER CREDITORS, AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: The June 20, 1975, the Fair Credit public hearing Board of Governors of the Federal Reserve System has extended until the deadline for filing comments on proposed regulations to implement Billing Act. In view of the extension, the Board denied re q u ests for a on the proposed regulation. The comment period had been scheduled to exp ire on May 30, 1975. The p urpose of the Act is to protect consumers against inaccurate and unfair credit billing and credit card practices. In submitting the extension of the comment period for publication in the FED ERAL REGISTER, the Board made the following statement: By document appearing at 40 FED. REG. 19489, May 5, 1975, the Board proposed amendments to Regulation Z to implement Title III of Pub. L. 93-495 (sec. 301-308) dealing with fair cred it billing. Written comments w ere solicited to be received not later than May 30, 1975. Due to the complexity of the proposed amendments and the fact that other consumer credit regulations have also r e cently been proposed making meaningful comment more difficult, the Board hereby extends the comment period for the proposed fair cred it billing amendments to Regulation Z until Ju n e 20, 1975. The proposed amendments to the Tru th in Lending Act were furnished you with o ur C ircular No. 75-64, dated May 14, 1975. Interested persons a r e invited to submit relevant data, views, or arguments concerning this proposal, including possible effects on the cost and the availability of consumer credit. Any such material should be submitted in writing to the Secretary , Board of Governors of the Federal R eserve System, Washington, D.C. 20551, to be r e ceived not later than Ju n e 20, 1975. S incerely y o u rs , T . W. Plant F irst Vice P resident This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)