Inflating the Numbers: A Look at Upcoming Changes to Regulation CC

A discussion of the inflation-based increases in certain amounts in Regulation CC and FAQs explaining operational issues about notifying existing members of any relevant changes to the credit union’s specific availability policy disclosure.

Written by David Park, Regulatory Compliance Counsel

By now credit unions are likely familiar with the final rule published by the Board of Governors of the Federal Reserve System (Board) and the Bureau of Consumer Financial Protection (CFPB) in July 2019.  The final rule amended portions of subpart B of Regulation CC related to the availability of funds and collection of checks.  The parts of the final rule addressed in this article become effective on July 1, 2020.

Already a member? Log in

Members Get More

This page contains member-only content.

Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:

  • Hundreds of articles and resources
  • Personalized compliance assistance
  • Discounts on top-rated education opportunities
  • Member-only benefits and savings

Interested? Schedule a Customized Membership Webinar

If you are already logged in and believe you should have access to member-only content, please contact us for assistance at info@americascreditunons.org.