I have one other question. The bill provides for civil penalties for failure to comply with any requirement under section 129 of truth in lending. Would a violation of a Federal Reserve Board regulation promulgated under section 129 constitute a violation for which civil liability may be found?
Alfonse D'Amato: “I have one other question. The bill provides for civil penalties for failure to comply with any requirement under…”
Editor's note · Context
Questioning civil penalties related to compliance with truth in lending regulations.
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