Full text of District Notices (Federal Reserve Bank of Dallas) : Proposed Amendments to the Truth in Lending Act (Regulation Z) Fair Credit Billing Act, Circular No. 75-72

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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

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