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Electronic Fund Transfers

Fed · final-rule · Published 2009-11-17 · Effective 2010-01-19 · 74 FR 59033

Document

Document number
E9-27474
Federal Register citation
74 FR 59033
CFR reference
12 CFR 205
Type
Rule
Action
Final rule; official staff commentary.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2009-11-17
Effective date
2010-01-19
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 final rule limits the ability of a financial institution to assess an overdraft fee 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 these transactions.

Source

Authoritative
Federal Register document
Machine
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