Truth in Lending: 9.3.4.1 Statutory and Regulatory Ban
The Dodd-Frank Act bans creditors from financing, directly or indirectly, credit insurance and debt cancellation agreements, with an exception for certain unemployment insurance.312 In January 2013, the CFPB issued final amendments to Regulation Z implementing the ban.313 The regulations are effective for applications received on or after January 10, 2014.314 Clarifying amendments to the rules were issued in October 2013.