In a joint comment letter to the Federal Reserve Board, the American Council of Life Insurers (ACLI) and the American Insurance Association (AIA) are voicing concern over changes to the Truth-in-Lending Act (TILA).

The letter says the proposed changes to Regulation Z would mandate language that would dissuade consumers from purchasing credit insurance products and also infringe on the state regulation of insurance as defined in the McCarran-Ferguson Act.

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