2 Jun 2025
💳CFPB Seeks Comments on Regulation E
Agency Information Collection Activities: Comment Request
Summary
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) requests the Office of Management and Budget's (OMB's) extension for the existing information collection titled "Electronic Fund Transfer Act (Regulation E)" approved under OMB Control Number 3170-0014.
Agencies
- Consumer Financial Protection Bureau
Business Impact
$$ - Med
The CFPB's request for comments on the Electronic Fund Transfer Act (Regulation E) directly impacts businesses offering electronic fund transfer services. Compliance with this act requires accurate disclosures and adherence to consumer protection protocols, thus incurring potential costs and operational adjustments for affected businesses.