Share this on:

Complete Story

Agencies Propose Amendments to Regulation CC Regarding Funds Availability

This article was originally published Nov. 20, 2018, on

WASHINGTON, D.C. -- The Bureau of Consumer Financial Protection and the Federal Reserve Board today jointly proposed amendments to Regulation CC that would implement a statutory requirement to adjust for inflation the amount of funds depository institutions must make available to their customers. The amendments would apply in circumstances ranging from next business day withdrawal of certain check deposits to setting the threshold amount for determining whether an account has been repeatedly withdrawn.

Read More

Printer-Friendly Version