Burr Alert: Consumer Financial Protection Bureau Amends Regulation E and Regulation Z

Articles / Publications

In late March, the Consumer Financial Protection Bureau ("CFPB") issued final rules amending Regulation E, 12 C.F.R. § 1005.16, which implements the Electronic Fund Transfer Act, 15 U.S.C. § 1693 et seq. ("EFTA"), and Regulation Z, 12 C.F.R. § 1026.52(a), which implements the Truth in Lending Act, 15 U.S.C. § 1601 et seq. ("TILA").

The amendment to Regulation E implements a recent amendment to EFTA, which eliminated the requirement that a fee notice be posted on or at an automated teller machine ("ATM"). The amendment to Regulation Z refines the implementation of section 127(n)(I) of the Credit Card Accountability Responsibility and Disclosure Act of 2009 ("CARD Act") by providing that section 127(n)(I)'s 25 percent fee cap on credit card fees applies only to fees charged during the first year after the date of account opening. Each of these amendments are discussed in detail below.

Download Full Article

Jump to Page
Arrow icon Top

Contact Us

We use cookies to improve your website experience, provide additional security, and remember you when you return to the website. This website does not respond to "Do Not Track" signals. By clicking "Accept," you agree to our use of cookies. To learn more about how we use cookies, please see our Privacy Policy.

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. These cookies may only be disabled by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.