Statute
Regulation E
92 published works
MoFo ReEnforcement: The Enforcement Blog
CFPB Requests Comment on Overdraft Rule
By Oliver Ireland, Obrea Poindexter, Elyse Moyer
On May 15, 2019, the CFPB published a Request for Comment on the Regulation E provisions that require consumers to opt in to overdraft fees on one-time debit card and…
Consumer Finance Monitor
April 1 effective date of prepaid rule leaves little remaining time for addressing significant compliance challenges; Ballard Spahr to hold February 27 webinar
By Ronald K. Vaske, Ballard CFS Group
After several years of rulemaking, amendments, and delays, the CFPB’s Prepaid Rule (the “Rule”) is finally set to take effect on April 1, 2019. This rapidly approaching effective date means…
Consumer Finance Monitor
TCF National Bank obtains dismissal of CFPB’s Regulation E claims in overdraft services lawsuit
This past January, the CFPB filed a lawsuit against TCF National Bank in Minnesota federal district court that alleged that the bank, in connection with offering overdraft services, violated the…
Consumer Finance Monitor
ABA responds to CFPB prototype overdraft opt-in forms and overdraft report
Earlier this month, the CFPB issued another report on checking account overdraft services, “Data Point: Frequent Overdrafts,” and four one-page prototype model forms to replace the current Regulation E model…
Consumer Finance Monitor
CFPB issues third report on checking account overdraft services and model form prototypes
The CFPB has issued another report on checking account overdraft services, "Data Point: Frequent Overdrafts." The new report represents the CFPB's third report dealing with overdraft services. It previously issued…
Corporate & Financial Weekly Digest
CFPB Seeks Comment on Proposed Changes to Prepaid Rule
By Christina Grigorian, Lauren Haahr
On June 15, the Consumer Financial Protection Bureau (CFPB), announced that it is seeking comments on proposed updates to its prepaid rule, “Prepaid Accounts under the Electronic Fund Transfer Act…
Consumer Financial Services Review
CFPB Issues Guidance on the New Prepaid Rule—While Congress Seeks Its Repeal
By David L. Beam, Elyse S. Moyer
On January 31, 2017, the CFPB released its Prepaid Rule Small Entity Compliance Guide to facilitate comprehension of and the implementation of the new prepaid rule on October 1, 2017.…
Consumer Finance Monitor
CFPB publishes Reg E corrections
The CFPB has published a final rule in the Federal Register that makes several corrections to Regulation E (which implements the Electronic Fund Transfer Act). The corrections, which the notice…
NextGen Financial Services Report
In Brief: CFPB Issues Long-Awaited Final Prepaid Rule
By Dykema
After more than four years of anticipation and speculation from the financial services community, the Consumer Financial Protection Bureau (CFPB) unveiled its final prepaid rule on October 5 (accompanied by…
Subject to Inquiry
CFPB Compliance Bulletin Outlines Requirements for Automatic Debit Authorization
By Government Investigations Group
On November 23, 2015, the Consumer Financial Protection Bureau (CFPB) issued a Compliance Bulletin reminding covered entities of their obligations under the Electronic Fund Transfer Act (EFTA) and Regulation E…