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Home > News & Events > 2007 Banking and Consumer Regulatory Policy

Press Release

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Release Date: June 28, 2007
For immediate release
The Federal Reserve Board on Thursday announced its approval of a final rule to create an
exception for transactions of $15 or less from Regulation E's requirement that receipts be made
available to consumers for transactions initiated at an electronic terminal.
Regulation E implements the Electronic Fund Transfer Act. The rule is intended to facilitate the
ability of consumers to use debit cards in retail environments where making receipts available
may not be practical or cost effective.
The effective date of the final rule is thirty days from the date of publication in the Federal
Register, which is expected shortly.
The Federal Register notice is attached.
Federal Register Notice 66 KB PDF | TEXT

2007 Banking and Consumer Regulatory Policy

Last update: June 28, 2007

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