Availability of Funds and Collection of Checks (Regulation CC)

July 8, 2019 CFPB, Regulation lookup, The Fed 0

Title: Availability of Funds and Collection of Checks (Regulation CC)
Subject: Reg CC
Agency: CFPB, Federal Reserve
Status: Final rule
Summary:
The Board and the Bureau (Agencies) are amending Regulation CC, which implements the Expedited Funds Availability Act (EFA Act), to implement a statutory requirement in the EFA Act to adjust the dollar amounts under the EFA Act for inflation. The Agencies are also amending Regulation CC to incorporate the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) amendments to the EFA Act, which include extending coverage to American Samoa, the Commonwealth of the Northern Mariana Islands, and Guam, and making certain other technical amendments.
FR Doc: 2019-13668
Date proposed: Nov. 20, 2018
Comments due date: Feb. 8, 2019
Final rule effective date: Sept. 3, 2019, for provisions extending coverage; July 1, 2020, for remaining changes
Rule compliance date:
Agency release:
Related Reg Report item(s): Fed, BCFP propose new indexing of funds-availability amounts in Reg CC; more

Proposal for Reg CC inflation adjustments in Federal Register