|For immediate release|
The Federal Reserve Board today published an interim rule to its Regulation E, Electronic Fund Transfers, that permits depository institutions to deliver disclosures electronically if the consumer agrees.
The interim rule is similar to a proposed rule that the Board published in May, 1996, except that institutions need not provide paper copies of disclosures delivered electronically. Electronic disclosures remain subject to applicable timing, format, and other requirements of the regulation.
The Board is also publishing a proposed amendment to Regulation E that would reduce the time period for investigating errors that involve debit cards used in point-of-sale and foreign transactions.
Comment is requested by May 15.
The Board's notices are attached.
|Interim Rule with request for comments (29 KB PDF)|
|Proposed Rule; technical amendments (24 KB PDF)|
1998 Banking and consumer regulatory policy