Capital Briefs: Fed Postpones Car Lease Disclosure Changes

The Federal Reserve Board has delayed until Jan. 1 the effective date of changes to its automobile leasing disclosure rules.

The Regulation M revisions were originally scheduled to take effect Wednesday. However, less than half of the 22,500 new-car dealerships that arrange for automobile leases have the software necessary to produce the new consumer disclosure forms required under the rule, the Fed said.