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Electronic Fund Transfers Through Accounts Established Primarily for Personal, Family, or Household Purposes Using Emerging Payment Mechanisms

AGENCY:

Consumer Financial Protection Bureau.

ACTION:

Notice of proposed interpretive rule; request for comment.

SUMMARY:

In light of interest by electronic fund transfer system market participants to offer new types of products to transfer funds and make purchases through accounts established primarily for personal, family, or household purposes, the Consumer Financial Protection Bureau (CFPB) is proposing this interpretive rule to assist companies, investors, and other market participants evaluating existing statutory and regulatory requirements governing electronic fund transfers (EFTs).

DATES:

Comments must be received by March 31, 2025.

https://www.federalregister.gov/documents/2025/01/15/2025-00565/electronic-fund-transfers-through-accounts-established-primarily-for-personal-family-or-household

  • March 31, 2025
  • Time: 12:00 am – 12:00 am CDT