Notice2025-09880
Agency Information Collection Activities: Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 2, 2025
Issuing agencies
Consumer Financial Protection Bureau
Abstract
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) requests the Office of Management and Budget's (OMB's) extension for the existing information collection titled "Electronic Fund Transfer Act (Regulation E)" approved under OMB Control Number 3170-0014.
Full Text
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<title>Federal Register, Volume 90 Issue 104 (Monday, June 2, 2025)</title>
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[Federal Register Volume 90, Number 104 (Monday, June 2, 2025)]
[Notices]
[Page 23323]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-09880]
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CONSUMER FINANCIAL PROTECTION BUREAU
[Docket No. CFPB-2025-0032]
Agency Information Collection Activities: Comment Request
AGENCY: Consumer Financial Protection Bureau.
ACTION: Notice and request for comment.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA),
the Consumer Financial Protection Bureau (CFPB) requests the Office of
Management and Budget's (OMB's) extension for the existing information
collection titled ``Electronic Fund Transfer Act (Regulation E)''
approved under OMB Control Number 3170-0014.
DATES: Written comments are encouraged and must be received on or
before July 2, 2025 to be assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. In general,
all comments received will become public records, including any
personal information provided. Sensitive personal information, such as
account numbers or Social Security numbers, should not be included.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to Anthony May, Paperwork Reduction Act Officer, at
(304) 481-5511, or email: <a href="/cdn-cgi/l/email-protection#5e1d180e1c010e0c1f1e3d382e3c70393128"><span class="__cf_email__" data-cfemail="1e5d584e5c414e4c5f5e7d786e7c30797168">[email protected]</span></a>. If you require this
document in an alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#0d4e4b5d4f524c6e6e687e7e646f64616479744d6e6b7d6f236a627b"><span class="__cf_email__" data-cfemail="da999c8a98859bb9b9bfa9a9b3b8b3b6b3aea39ab9bcaab8f4bdb5ac">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Electronic Fund Transfer Act (Regulation E).
OMB Control Number: 3170-0014.
Type of Review: Extension of a currently approved information
collection.
Affected Public: Businesses and other for-profit institutions.
Estimated Number of Respondents: 600,000.
Estimated Total Annual Burden Hours: 3,361,056.
Abstract: The Electronic Fund Transfer Act (EFTA), 15 U.S.C. 1693
et seq., requires accurate disclosure of the costs, terms, and rights
relating to electronic fund transfer (EFT) services and remittance
transfer services to consumers. Entities offering EFT services must
provide consumers with full and accurate information regarding
consumers' rights and responsibilities in connection with EFT services.
These disclosures are intended to protect the rights of consumers using
EFT services, such as automated teller machine (ATM) transfers,
telephone bill-payment services, point-of-sale transfers at retail
establishments, electronic check conversion, payroll cards, and
preauthorized transfers from or to a consumer's account. EFTA also
establishes error resolution procedures and limits consumer liability
for unauthorized transfers in connection with EFT services. EFTA and
Regulation E impose disclosure and other requirements on issuers and
sellers of gift cards, gift certificates, and general-use prepaid
cards. Further, EFTA and Regulation E provide protections for consumers
in the United States who send remittance transfers to persons in a
foreign country. It also provides comprehensive protections for
consumers who use ``prepaid accounts.'' Tailored provisions governing
disclosures, limited liability, error resolution, and periodic
statements added new requirements regarding the posting of account
agreements. Additionally, Regulations E regulates overdraft credit
features offered in connection with prepaid accounts.
Request for Comments: The CFPB published a 60-day Federal Register
notice on March 10, 2025 (90 FR 11600) under Docket Number: CFPB-2025-
0009. The CFPB is publishing this notice and soliciting comments on:
(a) Whether the collection of information is necessary for the proper
performance of the functions of the CFPB, including whether the
information will have practical utility; (b) The accuracy of the CFPB's
estimate of the burden of the collection of information, including the
validity of the methods and the assumptions used; (c) Ways to enhance
the quality, utility, and clarity of the information to be collected;
and (d) Ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Comments submitted
in response to this notice will be reviewed by OMB as part of its
review of this request. All comments will become a matter of public
record.
Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2025-09880 Filed 5-30-25; 8:45 am]
BILLING CODE 4810-AM-P
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