Search Results for keywords:"Regulation E"

Found 4 results

Search Results: keywords:"Regulation E"

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  • 2025-03791 — Agency Information Collection Activities: Comment Request
    Type:Notice
    Citation:90 FR 11600
    Reading Time:about 3 minutes

    The Consumer Financial Protection Bureau (CFPB) is seeking public comments on their request to extend the existing information collection related to the Electronic Fund Transfer Act (Regulation E). This rule ensures that consumers receive clear information about electronic fund transfers and their rights. People have until May 9, 2025, to share their opinions. This effort is meant to evaluate whether the information collection is necessary and how it can be improved while minimizing the burden on respondents.

    Simple Explanation

    The Consumer Financial Protection Bureau (CFPB) wants to hear what people think about a rule that helps explain how money moves electronically from one bank to another, like when someone buys something with a card. They're especially interested in finding ways to make this rule better and see if it's still needed.

  • 2020-28280 — Overdraft Policy
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    Type:Proposed Rule
    Citation:86 FR 3876
    Reading Time:about 14 minutes

    The National Credit Union Administration (NCUA) is proposing a new rule to update the overdraft policy requirements for federal credit unions. This rule aims to remove the current 45-day limit for members to resolve overdrafts and instead require that the policy sets a reasonable and universally applicable time frame. This change is intended to provide more flexibility for credit unions and their members, especially considering the impacts of COVID-19. The proposal also introduces a cross-reference to Regulation E to ensure compliance with existing federal requirements for overdraft services.

    Simple Explanation

    The NCUA wants to change a rule for credit unions that helps people if they spend too much money and go negative in their account. Instead of giving everyone the same short time to fix it, they want credit unions to decide on a fair amount of time that works for everyone.

  • 2024-28221 — Submission for OMB Review; Comment Request; Extension: Form 1-E, Regulation E
    Type:Notice
    Citation:89 FR 95338
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget to continue collecting information using Form 1-E under the Paperwork Reduction Act. This form is used by small business investment companies and business development companies to notify the SEC of their exemption from registering securities under Regulation E. The information collected helps the SEC determine if an offering qualifies for this exemption. There is a public comment period from December 3, 2024, to January 2, 2025, for this request.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to keep using a form that lets certain small companies tell them they're allowed to skip some rules when selling shares. They need approval to do this, and people can share their thoughts about it until early January.

  • 2024-29699 — Overdraft Lending: Very Large Financial Institutions
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    Type:Rule
    Citation:89 FR 106768
    Reading Time:about 7 hours

    The Consumer Financial Protection Bureau (CFPB) has updated regulations for overdraft credit offered by very large financial institutions, such as banks and credit unions with more than $10 billion in assets. This new rule ensures that these institutions adhere to consumer protection laws that apply to other credit products, unless the overdraft fee is only meant to cover the costs incurred. By doing this, consumers will have better information to compare different credit options, making it easier for them to make informed decisions. The rule takes effect on October 1, 2025, and does not yet apply to smaller institutions, as the impact on the market will be assessed first.

    Simple Explanation

    The government made a rule for big banks to be fair when they charge people for spending more money than they have in their accounts, starting October 2025. This rule helps people know exactly what they’re paying for and make smarter choices about their money.