Bureau of Consumer Financial Protection August 10, 2016 – Federal Register Recent Federal Regulation Documents
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Notice of Availability of Revised Methodology for Determining Average Prime Offer Rates
The Bureau of Consumer Financial Protection (Bureau) announces the availability of a revised methodology statement, entitled the ``Methodology for Determining Average Prime Offer Rates.'' The methodology statement describes the data and the methodology used to calculate average prime offer rates for purposes of Regulation C and Regulation Z. The statement has been revised to reflect the fact that the Bureau is using a different source of survey data for the one-year variable rate mortgage product to calculate average prime offer rates.
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