Deposit Resources

These resources provide information about remittance transfers and garnishment of accounts containing federal benefits payments.

CFPB Final Rule Correcting Amendments in Regulation E (Electronic Fund Transfer Act) (Effective Nov. 14, 2016) (opens new window)

CFPB Payments and Deposits Rules FAQs related to the COVID-19 Pandemic (Issued May 13, 2020) (opens new window) 

Deposit Reconciliation Practices

NCUA Letter to Credit Unions, 16-CU-04 (May 2016)

Preauthorized Transfers (Regulation E - Electronic Fund Transfer Act)

CFPB Compliance Bulletin 2015-06, Requirements for Consumer Authorizations for Preauthorized Electronic Fund Transfers (Issued Nov. 23, 2015) (opens new window)

Remittance Transfers (Regulation E - Electronic Fund Transfer Act)

CFPB Remittance Transfers Under the Electronic Fund Transfer Act (Regulation E) (Effective July 21, 2020) (opens new window)

CFPB Remittance Rule FAQs related to the COVID-19 Pandemic (Regulation E) (published June 2, 2020) (opens new window)

CFPB Remittance Transfers Small Entity Compliance Guide (June 2020) (opens new window)

CFPB Statement on Supervisory and Enforcement Practices Regarding the Remittance Rule in Light of the COVID-19 Pandemic (published April 10, 2020) (opens new window)

NCUA Regulatory Alert 14-RA-10 (December 2014)

CFPB Final Rule Defining Larger Participants of the International Money Transfer Market (effective Dec. 1, 2014) (opens new window)

CFPB Final Rule under the Electronic Fund Transfer Act extending the temporary exception allowing estimated pricing disclosure (Exception extended until July 21, 2020) (opens new window)

Garnishment of Accounts Containing Federal Benefits Payments (31 C.F.R. Part 212)

Final Rule (Effective June 28, 2013)  (opens new window)

NCUA Regulatory Alert 13-RA-04 (July 2013) 

Questions?  Contact the Division of Consumer Compliance Policy and Outreach in NCUA's Office of Consumer Financial Protection at compliancemail@ncua.gov.