Interpretation of Truth in Lending Regulation Z to clarify certain types of open end credit plans

Agency: Federal Reserve
Date: May 31, 1973
Type: interpretation
Source: fraser.stlouisfed.org/title/press-releases-board-governors-federal-res
Pages: 1
PDF: Original document (PDF)

r e l e a s e " E D E R A L R E S E R V E For immediate release May 31, 1973 The Board of Governors of the Federal Reserve System today issued the attached interpretation to its Truth in Lending Regulation Z to clarify provisions relating to certain types of open end credit plans where daily periodic rates are used to calculate the annual percentage rate.

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