Consumer Affairs Letters
Revised Interagency Examination Procedures for Regulation E
AND COMMUNITY AFFAIRS
|SUBJECT:||Revised Interagency Examination Procedures for Regulation E|
The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council has approved the attached interagency examination procedures for Regulation E - Electronic Fund Transfers. These revised procedures supersede the Regulation E interagency examination procedures transmitted with CA 10-12.
The attached procedures incorporate the Consumer Financial Protection Bureau's addition of remittance transfer provisions into a new Subpart B of Regulation E. Additionally, these procedures are updated to reflect elimination of the requirement that a fee notice be posted on or at automated teller machines in section 12 CFR 1005.16, leaving in place the requirement for a specific fee disclosure to appear on the screen of that machine or on paper issued from the machine.
If you have any questions, please contact Lanette Meister, Senior Supervisory Consumer Financial Services Analyst, at (202) 452-2705.
Sandra F. Braunstein
Division of Consumer and Community Affairs