The Federal Reserve Board has Proposed Amendments to Regulation Z
The Federal Reserve Board on Wednesday proposed amendments to
Regulation Z (Truth in Lending) that would revise the disclosure requirements for private education loans.
Under the amendments, creditors that extend private education loans would provide disclosures about loan
terms and features on or with the loan application and would also have to disclose information about federal
student loan programs that may offer less costly alternatives. Additional disclosures would have to be
provided when the loan is approved and when the loan is consummated. Read
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