Regulation E Disclosure Exemption For Small Dollar Amounts

CUNA
July 23, 2007 | COMMENTS

The Federal Reserve Board (Fed) issued a final rule amending Regulation E, which implements the Electronic Fund Transfer Act, to eliminate the requirement for providing terminal receipts for electronic fund transfers of $15 or less. The final rule will be effective 30 days from the date of publication in the Federal Register.

If you have any questions or need a copy of the rule, please feel free to contact Assistant General Counsel Lilly Thomas by e-mail at lthomas@cuna.com or by telephone at (800) 356-9655, extension 6733.

You may access the rules at the following address: http://www.federalreserve.gov/boarddocs/press/bcreg/2007/20070628/attachment.pdf