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CFPB RIN: 3170-AB16 Publication ID: Spring 2025 
Title: Fees for Instantaneously Declined Transactions 
Abstract:

Consumers using deposit accounts sometimes engage in transactions that exceed their accounts’ balances. Some depository institutions will decline to pay the transaction and charge the consumer a "non-sufficient fund” (NSF) fee. The CFPB withdrew a proposed rule that would have preliminarily identified the assessment of NSF fees in certain circumstances as an abusive act or practice under section 1031(b) of the Consumer Financial Protection Act and would have imposed requirements to prevent such acts or practices.

 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Undetermined  Unfunded Mandates: No 
EO 14192 Designation: Not subject to, not significant 
CFR Citation: 12 CFR 1042   
Legal Authority: 12 U.S.C. 5511, 5512, 5531(b) and (d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  01/24/2024  89 FR 6031   
NPRM Comment Period End  03/25/2024 
Withdrawn  01/14/2025  90 FR 3044   
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Lawrence Lee
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700