Recognizing the number of major changes in markets, technology and industry practice since the public first submitted comments on the agencies’ proposal, the Federal Reserve and the Consumer Financial Protection Bureau have reopened the public comment period for a 2011 rule they jointly proposed regarding fund availability under Regulation CC.
The agencies are hoping to implement a method for calculating the dollar amount adjustments required every five years under the Expedited Funds Availability Act.
Find out more details about what the agencies hope to accomplish.