Regulatory Alerts2019-04-09
Added · Updated
CA 19-6: Revised Interagency Examination Procedures for Regulation E
The Board of Governors of the Federal Reserve System issued this letter to transmit revised interagency examination procedures for Regulation E to institutions with total consolidated assets of $10 billion or less. These updated procedures supersede CA Letter 13-17 and align with CFPB amendments effective April 1, 2019, which expanded Regulation E coverage to prepaid accounts and established hybrid prepaid-credit card classifications. The guidance ensures consistent supervisory standards for disclosures, error resolution, and periodic statements related to these newly regulated electronic fund transfer products.
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