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Final Rules - Credit Cards and Overdrafts - Monday, February 02, 2009

Final and proposed rules from the Federal Register: 

Final rule for Reg. Z (Truth in Lending), Reg. AA (Unfair and Deceptive Acts and Practices), Reg. DD (Truth in Savings) and a proposed rule for Reg. EE (Electronic Funds Transfers) concerning credit cards and overdraft services.  A PDF document with an overview of the changes is available above.

The effective mandatory compliance date for Reg. Z and Reg. AA is July 1, 2010.  The effective date for Reg. DD is January 1, 2010.  Comments for proposed amendments to Reg. EE must be received on or before March 30, 2009.


 

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