12 C.F.R. § 1005.1

Authority and purpose

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(a) Authority. The regulation in this part, known as Regulation E, is issued by the Bureau of Consumer Financial Protection (Bureau) pursuant to the Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.). The information-collection requirements have been approved by the Office of Management and Budget under 44 U.S.C. 3501 et seq. and have been assigned OMB No. 3170-0014.

(b) Purpose. This part carries out the purposes of the Electronic Fund Transfer Act, which establishes the basic rights, liabilities, and responsibilities of consumers who use electronic fund transfer and remittance transfer services and of financial institutions or other persons that offer these services. The primary objective of the act and this part is the protection of individual consumers engaging in electronic fund transfers and remittance transfers.

[76 FR 81023, Dec. 27, 2011, as amended at 77 FR 6285, Feb. 7, 2012]

Notes of Decisions

Cited in 20 cases (16 in the last 5 years), 2018–2026 · leading case: Margaretha Widjaja v. Jpmorgan Chase Bank, N.A.

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Margaretha Widjaja v. Jpmorgan Chase Bank, N.A. (2021) ca9 “27, 2011); 12 C.F.R. § 1005.1 (a). The provisions relevant to this case, now found at 12 C.”

Bettencourt v. Jeanne D'Arc Credit Union (2019) dcd “12 C.F.R. § 1005.1 etseq. Specifically, Regulation E provides: [A] financial institution .”

Debra Gahm, individually and on behalf of all others similarly situated v. Wings Financial Credit Union (2026) mnd · cites it 2× “Regulation E, 12 C.F.R. § 1005.1 , et seq., implements the EFTA.”

IMG Holding LLC v. James Dimon and JPMorgan Chase & Co. (2024) delch “; 12 C.F.R. § 1005.1 et seq. 3 Compl. ¶ 69.”

Wells Sweeping, LLC v. Capital One, National Association (2022) caed “(“EFTA”) and EFTA’s 26 implementing regulations at 12 C.F.R. §§ 1005.1 – 1005.20. The remaining fifteen 27 1 Aaron Ashcraft, the former Wells employee allegedly responsible for incurring the charges, has also been named as a Defendant along with his wife, Roxy Ashcraft.”

Foster v. Pelican State Credit Union (2023) lamd “12 C.F.R. § 1005.1 (b). Among these responsibilities is an opt-in requirement for overdraft services.”

Salls v. Digital Federal Credit Union (2018) mad “Violation of Regulation E Plaintiff alleges Defendant violated Regulation E of EFTA, 12 C.F.R. § 1005.1 et seq., because it did not accurately describe its overdrafting practices in the Opt-In Agreement.”

Bettencourt v. Jeanne D'Arc Credit Union (2019) mad “12 C.F.R. § 1005.1 et seq. Specifically, Regulation E provides: [A] financial institution .”

Eggiman v. Bank of America, N.A. (2023) mad “§ 1693 , et seq; 12 C.F.R. § 1005.1 , et seq., [ECF No. 7], is GRANTED.”

Holmes v. Capital One, N.A. (2023) nynd “” 12 C.F.R. § 1005.1 . Deceptive acts or practices are those actions “likely to mislead a reasonable consumer acting reasonably under the circumstances.”

Watkins v. Rapid Financial Solutions, Inc. (2024) nvd “12 C.F.R. § 1005.1 (b); accord 15 15 U.S.”

Bjornson v. USAA Credit Card (2020) wawd “” 12 C.F.R. § 1005.1 . 16 Plaintiff alleges that he notified “each of the creditors .”

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