The Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board (FRB) jointly published amendments to Regulation CC on June 24, 2019, including amendments made by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), which include extending coverage of the EFA Act to American Samoa, the Commonwealth of the Northern Mariana Islands, and Guam.

The primary change effects the amounts that must be made available to customers effective July 1, 2020.

 

SUBSCRIBE TODAY: INCOMPLIANCE NEWSLETTER