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CFPBRulemakingCFPB-2017-0015

Amendments to Rules Concerning Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z)

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Ohio Credit Union League filings
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Ohio Credit Union League filed 1 comment on this docket between Aug 15, 2017 and Aug 15, 2017. 15 other organizations filed here. The comment window closed 3270d ago.

What Ohio Credit Union League filed (1)

Aug 15, 2017· Comment Submitted by Miriah Lee & Paul L. Mercer, Ohio Credit Union League· CFPB-2017-0015-0033

Filed on regulations.gov — full text not in the inline record.

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Abstract

The Bureau of Consumer Financial Protection (Bureau or CFPB) is proposing to amend Regulation E, which implements the Electronic Fund Transfer Act, and Regulation Z, which implements the Truth in Lending Act, and the official interpretations to those regulations. This proposal relates to a final rule, published in the Federal Register on November 22, 2016, as amended on April 25, 2017, regarding prepaid accounts under Regulations E and Z. This proposal requests comment on potential modifications to several aspects of that rule, including error resolution and limitations on liability for prepaid accounts where the financial institution has not completed its consumer identification and verification process; application of the rule’s credit-related provisions to digital wallets that are capable of storing funds; certain other clarifications and minor adjustments; and two issues relating to the effective date of the rule.

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Co-filers (15)

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Amendments to Rules Concerning Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) (CFPB) — Ohio Credit Union League | OpenPolis