other · Treasury · Rule · Published 2009-01-29 · Effective 2010-07-01 · 74 FR 5498
Document
Document number
E8-31186
Federal Register citation
74 FR 5498
CFR reference
12 CFR 227
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
2009-01-29
Effective date
2010-07-01
Treasury docket
Regulation AA
Abstract
The Board, OTS, and NCUA (collectively, the Agencies) are exercising their authority under section 5(a) of the Federal Trade Commission Act to prohibit unfair or deceptive acts or practices. The final rule prohibits institutions from engaging in certain acts or practices in connection with consumer credit card accounts. The final rule relates to other Board rules under the Truth in Lending Act, which are published elsewhere in today's Federal Register. Because the Board has proposed new rules regarding overdraft services for deposit accounts under the Electronic Fund Transfer Act elsewhere in today's Federal Register, the Agencies are not taking action on overdraft services at this time. A secondary basis for OTS's rule is the Home Owners' Loan Act.