# Electronic Fund Transfers
> **US Federal Reserve System** · Interim final rule; request for public comment. · Published 2006-08-30 · Effective 2007-01-01 · 71 FR 51451
## Document
- **Document number:** E6-14342
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 71 FR 51451
- **CFR reference:** 12 CFR 205
- **Publication date:** 2006-08-30
- **Effective date:** 2007-01-01
- **Docket:** Regulation E
## Abstract

The Board is amending Regulation E, which implements the Electronic Fund Transfer Act, and the official staff commentary to the regulation, which interprets the requirements of Regulation E. The amendments clarify that the requirement to obtain a consumer's authorization to collect a service fee for insufficient or uncollected funds through an electronic debit to the consumer's account applies to any person that intends to collect the fee in that manner. The amendments also clarify notice requirements for electronic check conversion transactions and for collecting insufficient funds fees electronically. This interim final rule, for which the Board is seeking comment, will supersede the corresponding provisions of the January 2006 final rule that addressed these topics.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/08/30/E6-14342/electronic-fund-transfers)
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