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CFPB RIN: 3170-AA79 Publication ID: Fall 2018 
Title: Regulation E Modernization 

Regulation E implements the Electronic Fund Transfer Act (EFTA), which establishes the basic rights, liabilities, and responsibilities of consumers who use electronic fund transfer and remittance transfer services and of financial institutions or other persons that offer these services. EFTA and Regulation E protect individual consumers engaging in electronic fund transfers and remittance transfers. New payment systems are emerging, and many existing electronic fund transfer systems have undergone substantial changes since the initial implementation of EFTA. Technologies and business practices have evolved, creating new questions about adapting consumer protections to new channels and circumstances, potential relief from outdated provisions, and other issues. Through its market monitoring, supervision, and enforcement work, the Bureau continues to evaluate the application of Regulation E to financial institutions and other entities as well as the impact of regulatory requirements on those entities and consumers. The Bureau has also engaged in Regulation E rulemaking focused specifically on remittances and prepaid accounts and sought input through requests for information and other channels regarding mobile payments and other emerging issues. As the Bureau’s work on Regulation E continues, the Bureau will evaluate possible updates to the regulation, including but not limited to how providers of new and innovative products and services comply with regulatory requirements. Potential topics for consideration might include disclosure provisions, error resolution provisions, or other issues.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: Not Yet Determined   
Legal Deadline:  None
Action Date FR Cite
Next Action Undetermined  To Be Determined 
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:
Steve Wrone
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700