5 Feb 2025
🏦Federal Reserve Board Approves Extension of Regulation H Disclosures
Agency Information Collection Activities: Announcement of Board Approval under Delegated Authority and Submission to OMB
Summary
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision the Disclosure Requirements in Connection with Regulation H (Consumer Protection in Sales of Insurance) (FR H-7; OMB No. 7100-0298).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The text outlines the extension of the Disclosure Requirements in Connection with Regulation H, which mandates that state banks and insurance sellers provide consumers with certain disclosures. This affects compliance for business owners in the insurance and banking sectors, indicating ongoing regulatory obligations.