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Wednesday, 21 January 2015

The Board also issues regulations to carry out major federal laws governing consumer credit Protection.

http://en.wikipedia.org/wiki/Federal_Reserve_System

The Board also issues regulations to carry out major federal laws governing consumer credit protection, such as the Truth in LendingEqual Credit Opportunity, and Home Mortgage Disclosure Acts. Many of these consumer protection regulations apply to various lenders outside the banking industry as well as to banks.

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