The American Bankers Association (“ABA”) is pleased to
submit our comments to the Federal Reserve Board’s request for comment on an advance notice of proposed rulemaking (“ANPR”) regarding amendments to the Truth in Lending Act (“TILA”) contained in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (“Bankruptcy Act”). The Bankruptcy Act amendments relate to open-end credit and to home equity loans.
The American Bankers Association, on behalf of the more than two million men and women who work in the nation's banks, brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership--which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks--makes ABA the largest banking trade association in the country.
See full Comment, in pdf format.
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