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Board of Governors of the Federal Reserve System

Consumer Affairs Letters

CA 13-17

Revised Interagency Examination Procedures for Regulation E

October 30, 2013

Seal of the Board of Governors of the Federal Reserve System
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON, D. C.  20551
DIVISION OF CONSUMER
AND COMMUNITY AFFAIRS
CA 13-17
October 30, 2013
TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS
SUBJECT:   Revised Interagency Examination Procedures for Regulation E
Applicability to Community Banking Organizations: This guidance applies to all state member banks, including those with $10 billion or less in consolidated assets.

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.

signed by
Sandra F. Braunstein
Director
Division of Consumer and Community Affairs


Supersedes:
CA 10-12 Revised Interagency Examination Procedures for Regulation E (October 22, 2010)
Last update: September 5, 2014