The Federal Reserve Board on Wednesday adjusted for inflation the dollar amount of fees and points that could trigger additional Truth-in-Lending Act disclosures.

Lenders must make the extra disclosures if fees and points exceed the greater of $441 or 8% of the loan's value. The change is effective Jan. 1. The current trigger is the greater of $435 or 8% of the loan.

Separately, the Fed on Tuesday proposed several minor revisions to the staff commentary explaining consumer leasing rules. The proposal includes guidance on advertising leases, renegotiating leases, and estimating fees and taxes. Comments are due Jan. 22.

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