Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) amends Regulations E and Z to update regulatory exceptions for overdraft credit provided by very large financial institutions, thereby ensuring that these extensions of overdraft credit adhere to consumer protections required of similarly situated products, unless the overdraft fee is a small amount that only recovers estimated costs and losses. The rule allows consumers to better comparison shop across credit products and provides substantive protections that apply to other consumer credit.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Consumer Financial Protection Bureau 12 CFR Parts 1005 and 1026 [Docket No. CFPB-2024-0002] RIN 3170-AA42 AGENCY: Consumer Financial Protection Bureau. ACTION: Final rule; official interpretation. SUMMARY: The Consumer Financial Protection Bureau (CFPB) amends Regulations E and Z to update regulatory exceptions for overdraft credit provided by very large financial institutions, thereby ensuring that these extensions of overdraft credit adhere to consumer protections required of similarly situated products, unless the overdraft fee is a small amount that only recovers estimated costs and losses. The rule allows consumers to better comparison shop across credit products and provides substantive protections that apply to other consumer credit. DATES: Effective date: October 1, 2025. FOR FURTHER INFORMATION CONTACT: George Karithanom, Regulatory Implementation and Guidance Program Analyst, Office of Regulations, at 202-435-7700 or https://reginquiries.consumerfinance.gov/​ . If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov . SUPPLEMENTARY INFORMATION: Table of Contents I. Overview A. Summary B. Market Background II. The Proposal and Other Procedural Background A. Outreach and Engagement B. Summary of the Proposed Rule III. Legal Authority A. Truth in Lending Act B. Electronic Fund Transfer Act C. Consumer Financial Protection Act IV. Discussion of the Final Rule A. Overview of the CFPB's Approach B. Entity Coverage…
Other Federal Register documents from the same docket.
Citation: 89 FR 106768
