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Electronic Fund Transfers

Fed · final-rule · Published 2010-06-04 · Effective 2010-07-06 · 75 FR 31665

Document

Document number
2010-13280
Federal Register citation
75 FR 31665
CFR reference
12 CFR 205
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2010-06-04
Effective date
2010-07-06
Docket
Regulation E

Abstract

On November 17, 2009, the Board published a final rule amending Regulation E, which implements the Electronic Fund Transfer Act, and the official staff commentary to the regulation (Regulation E final rule). The Regulation E final rule limited the ability of financial institutions to assess overdraft fees for paying automated teller machine (ATM) and one-time debit card transactions that overdraw a consumer's account, unless the consumer affirmatively consents, or opts in, to the institution's payment of overdrafts for those transactions. The Board is amending Regulation E and the official staff commentary to clarify certain aspects of the Regulation E final rule.

Source

Authoritative
Federal Register document
Machine
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