Page 3 - May 2017 Regulatory Review
P. 3
CFPB Finalizes Rule on Prepaid 25/pdf/2017-07838.pdf. Federal Register, Vol. 82,
Accounts under Regulation E and No. 78, 04/25/2017, 19142-19178.
Regulation Z. FRB Finalizes Rule on Regulation A.
The Bureau of Consumer Financial Protection The Board of Governors of the Federal Reserve
(CFPB) has issued a final rule to delay the System (FRB) has adopted final amendments to
10/01/2017 effective date of the Prepaid Accounts Regulation A to reflect FRB’s approval of an
Rule under Regulation E and Regulation Z by six increase in the rate for primary credit at each Federal
months, to 04/01/2018. The notice may be viewed at: Reserve Bank from 1.25 percent to 1.50 percent. The
https://www.gpo.gov/fdsys/pkg/FR-2017-04- secondary credit rate is increased from 1.75 percent
25/pdf/2017-08341.pdf. Federal Register, Vol. 82, to 2.00 percent. The amendments are effective
No 78, 04/25/2017, 18975-18981. 04/18/2017. The notice may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2017-04-
CFPB Updates Policy on Ex Parte 18/pdf/2017-07742.pdf. Federal Register, Vol. 82,
Presentations in Rulemaking Proceedings. No. 73, 04/18/2017, 18215-18216.
CFPB has adopted an updated policy on ex parte FRB Finalizes Rule on Regulation D.
presentations in rulemaking proceedings. The policy
generally requires public disclosure of ex parte FRB has issued a final rule amending Regulation D
presentations made to CFPB decision-making to revise the rate of interest paid on balances
personnel concerning pending rulemakings. The maintained to satisfy reserve balance requirements
updates apply 05/22/2017. The notice may be viewed (IORR) and the rate of interest paid on excess
at: https://www.gpo.gov/fdsys/pkg/FR-2017-04- balances (IOER) maintained at Federal Reserve
21/pdf/2017-08096.pdf. Federal Register, Vol. 82, Banks by or on behalf of eligible institutions. The
No. 76, 04/21/2017, 18687-18690. final amendments specify that IORR is 1.00 percent
and IOER is 1.00 percent, a 0.25 percentage point
CFPB Issues Proposed Rule on increase from their prior levels. The final rule is
effective 04/18/2017. The notice may be viewed at:
Regulation C. https://www.gpo.gov/fdsys/pkg/FR-2017-04-
18/pdf/2017-07743.pdf. Federal Register, Vol. 82,
CFPB has proposed amendments to Regulation C to No. 73, 04/18/2017, 18216-18217.
make technical corrections and clarify certain
requirements adopted by Regulation C’s final rule,
which was published in the Federal Register on FRB Issues Correction to Request for
10/28/2015. CFPB has also proposed a new reporting Comment on FRB Form FR 2028.
exclusion. Comments are due 05/25/2017. The notice
may be viewed at: FRB incorrectly published in the 04/12/2017 Federal
https://www.gpo.gov/fdsys/pkg/FR-2017-04- Register a document requesting public comment
regarding FRB Form: FR 2028. FRB has issued a
1
