CFPB Withdraws Proposed Rule on Emerging Payment Mechanisms for Personal Electronic Fund Transfers
May 15, 2025
May 15, 2025
WASHINGTON, May 15 (TNSFR) -- The Consumer Financial Protection Bureau has formally withdrawn a proposed interpretive rule intended to clarify how the Electronic Fund Transfer Act (EFTA) applies to emerging payment mechanisms used for accounts established for personal, family, or household purposes.
The proposal, originally published in the Federal Register on January 15, 2025 (90 FR 3723), aimed to assist companies, financial institutions, investors, and other market stakeholders i . . .
The proposal, originally published in the Federal Register on January 15, 2025 (90 FR 3723), aimed to assist companies, financial institutions, investors, and other market stakeholders i . . .