[Federal Register Volume 60, Number 201 (Wednesday, October 18, 1995)]
[Notices]
[Page 53922]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25777]
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FEDERAL RESERVE SYSTEM
Consumer Advisory Council; Notice of Meeting of Consumer Advisory
Council
The Consumer Advisory Council will meet on Thursday, November 2,
1995. The meeting, held pursuant to 15 USC 1691(b) and 12 CFR 267.5,
will take place in Terrace Room E of the Martin Building. The meeting,
which will be open to public observation, is expected to begin at 9:00
a.m. and to continue until 4:00 p.m., with a lunch break from 1:00 p.m.
until 2:00 p.m. The Martin Building is located on C Street, Northwest,
between 20th and 21st Streets in Washington, D.C.
The Council's function is to advise the Board on the exercise of
the Board's responsibilities under the Consumer Credit Protection Act
and on other matters on which the Board seeks its advice. Time
permitting, the Council will discuss the following topics:
Community Reinvestment Act Reform. Discussion led by the Bank
Regulation Committee on issues related to agency examinations of
institutions' compliance with the new regulations under the Community
Reinvestment Act.
Consumer Leasing Disclosures. Discussion led by the Consumer Credit
Committee on
(1) proposed amendments to the Board's Regulation M (Consumer
Leasing) and
(2) suggestions for actions that could further assist consumers in
understanding lease transactions and effectively using lease
disclosures as shopping tools.
Truth in Lending Act Amendments of 1995. Discussion led by the
Consumer Credit Committee
(1) on recent amendments to the Truth in Lending Act, focusing on
whether it is feasible to disclose in the TILA finance charge all
charges imposed by creditors as an incident to an extension of credit,
including charges currently excluded; and
(2) on whether creditors engage in abusive refinancing practices to
avoid the consumer's right of rescission.
Regulatory Coverage for Stored-Value Cards. Discussion led by the
Depository and Delivery Systems Committee on whether and how the Board
should amend Regulation E (Electronic Fund Transfers) to govern
technologically advanced electronic products, such as smart cards,
prepaid cards, and electronic purses.
Impact of Technology on Consumer Banking. Presentation by the
Depository and Delivery Systems Committee on electronic technologies
being introduced in the banking area and possible changes in the ways
in which consumers will conduct their banking business as a result.
Governor's Report. Report by Federal Reserve Board Member Lawrence
B. Lindsey on economic conditions, recent Board initiatives, and issues
of concern, with an opportunity for questions from Council members.
Members Forum. Presentation of individual Council members' views on
the economic conditions present within their industries or local
economies.
Committee Reports. Reports from Council committees on their work.
Other matters previously considered by the Council or initiated by
Council members also may be discussed.
Persons wishing to submit to the Council their views regarding any
of the above topics may do so by sending written statements to Ann
Marie Bray, Secretary, Consumer Advisory Council, Division of Consumer
and Community Affairs, Board of Governors of the Federal Reserve
System, Washington, D.C. 20551. Comments must be received no later than
close of business Wednesday, October 25, 1995, and must be of a quality
suitable for reproduction.
Information with regard to this meeting may be obtained from Ann
Marie Bray, 202-452-6470. Telecommunications Device for the Deaf (TDD)
users may contact Dorothea Thompson, 202-452-3544.
Board of Governors of the Federal Reserve System, October 12,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-25777 Filed 10-17-95; 8:45am]
BILLING CODE 6210-01-F
