Who Issues Reg E Guidance

Answered by:

Question:

If this is a CFPB issuance, do other agencies have to follow it?

Answer:

Yes!. The CFPB is the consumer protection agency that has the authority to issue interpretations and guidance on the regulations. If another agency has a question, such as how to apply § 1005.14 against a customer’s transactions, the CFPB would be the authority that agency would go to. It has rule-writing authority.

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Learn more about Andy Zavoina’s Reg E Guidance – EFT Compliance webinar.