Federal Reserve System November 17, 2009 – Federal Register Recent Federal Regulation Documents

Sunshine Act Meeting
Document Number: E9-27739
Type: Notice
Date: 2009-11-17
Agency: Federal Reserve System, Agencies and Commissions
Electronic Fund Transfers
Document Number: E9-27474
Type: Rule
Date: 2009-11-17
Agency: Federal Reserve System, Agencies and Commissions
The Board is amending Regulation E, which implements the Electronic Fund Transfer Act, and the official staff commentary to the regulation, which interprets the requirements of Regulation E. The final rule limits the ability of a financial institution to assess an overdraft fee for paying automated teller machine (ATM) and one-time debit card transactions that overdraw a consumer's account, unless the consumer affirmatively consents, or opts in, to the institution's payment of overdrafts for these transactions.