Statute
Regulation E
92 published works
Consumer Finance Monitor
CFPB updates FAQs to discuss consumer assistance by financial services providers during COVID-19 pandemic
The CFPB issued two sets of FAQs that discuss assistance that financial services providers can offer consumers during the COVID-19 pandemic. One set of FAQs is directed at providers of…
The Fintech Report
Fintech Week in Review: Week of April 17, 2020
Weekly Fintech Focus The CFPB intends to provide flexibility in its supervisory and enforcement activities related to parts of the Remittance Transfer Rule in response to COVID‑19. The CFPB provides…
Consumer Finance Monitor
CFPB issues interpretive rule excluding certain COVID-19 relief payments from EFTA compulsory use prohibition
The CFPB has issued an interpretive rule addressing the application of the Electronic Fund Transfer Act/Regulation E compulsory use prohibition to COVID-19 relief payments made by federal, state, or local…
Southeast Financial Litigation Monitor
“Authorize Positive, Settle Negative” Overdraft Fee Action Allowed to Move Forward
By Gregory C. Cook, Adam Israel
Over the last decade, financial institutions have seen an avalanche of claims regarding overdraft fees, especially in connection with debit card transactions. These claims are almost always brought as class…
The Fintech Report
Fintech Week in Review: Week of December 6, 2019
CFPB Proposes to Expand Certain Remittance Transfer Safe Harbors To reduce compliance costs for certain banks, credit unions and other insured financial institutions, the Consumer Financial Protection Bureau (CFPB) proposed…
Consumer Finance Monitor
24 State AGs urge CFPB not to change overdraft rule and to consider its expansion
24 state attorneys general, the D.C. attorney general, and the Executive Director of the Hawaii Office of Consumer Protection have sent a joint comment letter to the CFPB urging it…
Dickinson Law News
Data Breach, PCI Standards, and the $6.2 Million Contract Clause
By John Lande
Payment card system breaches can cause millions of dollars in damages. Consumer losses are generally minimal, because Regulation E obliges card issuing banks to generally reimburse consumers for fraud. There are…
Iowa Cybersecurity Law Blog
Data Breach, PCI Standards, and the $6.2 Million Contract Clause
By John Lande
Payment card system breaches can cause millions of dollars in damages. Consumer losses are generally minimal, because Regulation E obliges card issuing banks to generally reimburse consumers for fraud. There are…
Iowa Cybersecurity Law Blog
Data Breach, PCI Standards, and the $6.2 Million Contract Clause
By John Lande
Payment card system breaches can cause millions of dollars in damages. Consumer losses are generally minimal, because Regulation E obliges card issuing banks to generally reimburse consumers for fraud. There are…
Consumer Finance Monitor
FDIC 2018 Consumer Compliance Supervisory Highlights focuses on overdraft, RESPA, Regulation E, deferment, and finance charge calculation exam findings
Last week, the FDIC published its Consumer Compliance Supervisory Highlights that provides observations about its consumer compliance supervision activities in 2018. Importantly, the highlights include anonymized 2018 exam findings regarding…