Just in case you forgot, the threshold to exempt consumer credit (Reg Z) and consumer leases (Reg M) from the applicable requirements increases to $51,800 on January 1, 2012. This means that any consumer credit and/or consumer lease transactions equal to or less than this threshold amount are subject to the applicable requirements. Thus, consumer purpose credit or leases greater than these minimums are not subject to Reg Z, unless secured by real estate. Refer to §1026.3(b) – or the “old” 226.3(b).
Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager.
Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelor’s Degree in Business Administration, and is a graduate of the ABA Compliance School.
Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!