I heard that there has been a proposed amendment to Reg E but have been unable to find it on the net. Can someone link me to it or provide some details? Thank you.

Sure. Go to our Top Stories page and then locate the April 2007 archived page. You'll find a summary and links in the entries for April 30.

Oh, what the heck! Click HERE. It's the second entry on the page.

By the way, you can receive a daily email that announces changes like this. Just click HERE and select the Compliance Briefing (and any other briefings that you're interested in.

OK, so I've read the proposed rules, and I'm wondering how the changes might affect "pushed" e-statement delivery. The proposed rules will allow banks to forgo sending statement notification for the "pulled" method of delivery, but I can't tell from the proposed language if "demonstrable consent" will change for pushed statements. I'm thinking of writing a comment letter for clarificaiton on this point. Gurus... any thoughts?

The change to the regulation does not change anything regarding the E-Sign Act. Demonstrable consent continues to be required, whether statements are pushed or pulled. The only substantive changes are the elimination of the requirement that the email address must be one outside the control of the bank, the requirement for email notice of disclosure/statement availability, the requirement for redelivery for bounced emails, and the requirement for at least 90-day availability at the location where you told customers a disclosure would be available.

But E-Sign didn't get changed in any way.

Thank you, John!