Title: Availability of Funds and Collection of Checks (Regulation CC) Subject: Reg CC Agency: CFPB, Federal Reserve Status: Final rule Summary: The Board and the Bureau (Agencies) are amending Regulation CC, which implements the Expedited […]
Changes made recently to parts of Regulation CC, which implements the Expedited Funds Availability Act (EFAA), are highlighted for credit unions in a new Consumer Financial Protection Update issued Monday by the National Credit Union […]
The amount of funds banks and others must make available to their customers from checks deposited, as well as a revised threshold for determining whether an account has been repeatedly overdrawn, is set in amendments […]
A proposed rule change to adjust funds-availability amounts for inflation every five years, announced in November, is in Monday’s Federal Register with a comment period that ends Feb. 8. Announced jointly by the Federal Reserve Board […]
A statutory requirement for inflation adjustments every five years of the funds-availability amounts under the Electronic Funds Availability (EFA) Act would be implemented for the first time under a proposal issued Tuesday by regulators. Issued […]
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