Statute
Regulation E
92 published works
Corporate and Securities Law
CFPB Releases Compliance Bulletin Related to Consumer Authorizations for Preauthorized Electronic Fund Transfers
By Zane Gilmer
Consumer Finance Monitor
CFPB issues compliance bulletin on preauthorized electronic payments
The CFPB has issued a compliance bulletin (Bulletin 2015-06) concerning the Electronic Fund Transfer Act (EFTA) and Regulation E requirements for obtaining a consumer's authorization for preauthorized electronic fund transfers…
Consumer Finance Monitor
FTC provides 2014 enforcement report to CFPB
The Federal Trade Commission has provided its annual Financial Acts Enforcement Report to the CFPB covering the FTC's enforcement activities in 2014 related to compliance with Regulation Z (Truth in Lending),…
Consumer Finance Monitor
CFPB settles first overdraft opt-in rule enforcement action
The CFPB announced yesterday that it had reached a settlement with Regions Bank regarding claims that the bank unlawfully charged overdraft fees to customers who had not opted-in for overdraft…
Ad Law Access
CFPB Proposes Rule on Prepaid Products to Extend Certain Credit Requirements and Mandate Disclosures
The Consumer Financial Protection Bureau released last week a proposed rule that would impose an array of new requirements on prepaid accounts. The proposed new definition of “prepaid account” would…
Consumer Finance Monitor
CFPB holds field hearing on proposed rules for prepaid accounts
Ballard Spahr to hold a webinar on the proposal at 12 p.m. ET on December 12th. A link to register is available here. Yesterday I attended the Consumer Financial Protection Bureau’s…
All About Advertising Law
CFPB Proposes Rule for Prepaid Products and Releases Study on Prepaid Account Agreements
By Leonard L. Gordon, Jonathan L. Pompan, Venable LLP
On November 13, 2014, the Consumer Financial Protection Bureau (CFPB) released a proposed rule regulating prepaid products. The proposed rule would amend parts of Regulation E, implementing the Electronic Fund Transfer…
Consumer Finance Monitor
CFPB releases more overdraft program data as a prelude to likely rulemaking
The CFPB moved closer to likely rulemaking on overdraft programs with the release late last week of a new report entitled "Data Point: Checking account overdraft." The report is based on…
Consumer Finance Monitor
CFPB releases compliance costs report
The CFPB recently released a report on the operational costs of regulatory compliance. The 176-page report is entitled "Understanding the Effects of Certain Deposit Regulations on Financial Institutions' Operations: Findings…
Consumer Finance Monitor
FTC confirms continued commitment to vigorous enforcement in letter to CFPB
In its annual letter to the CFPB on its 2012 administrative and enforcement activities related to Regulations B (ECOA), E (Electronic Fund Transfers), Z (TILA) and M (Consumer Leasing), the…