Home / Agencies / CFPB / 2024-31385
Proposed Rule

Fees for Instantaneously Declined Transactions; Withdrawal of Proposed Rule

Agency
CFPB
Document Number
2024-31385
Published
January 14, 2025
Effective Date
-

Abstract

The Consumer Financial Protection Bureau (CFPB) is withdrawing its proposed rule to prohibit banks and other financial institutions from charging certain nonsufficient funds (NSF) fees, such as those for declined debit card purchases, Automated Teller Machine (ATM) withdrawals, and some person-to-person payments. The CFPB will determine whether a more comprehensive approach to also prohibit NSF fees charged for additional types of transactions will better protect consumers from potentially unlawful fees.

Federal Register Source

This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.

View Full Text on FederalRegister.gov →

Opens in new tab · federalregister.gov

Frequently Asked Questions

What is the 2024-31385 Federal Register document?
Document 2024-31385 is a Proposed Rule published by the Consumer Financial Protection Bureau in the Federal Register on January 14, 2025. The Consumer Financial Protection Bureau (CFPB) is withdrawing its proposed rule to prohibit banks and other financial institutions from charging certain nonsufficient funds (NSF) fees, such as those for declined debit card purchases, Automated Teller Machine (ATM) withdrawals, and some person-to-person payments. The CFPB will determine whether a more comprehensive approach to also prohibit NSF fees charged for additional types of transactions will better protect consumers from potentially unlawful fees. View the original at https://www.federalregister.gov/documents/2025/01/14/2024-31385/fees-for-instantaneously-declined-transactions-withdrawal-of-proposed-rule.
Is document 2024-31385 an economically significant rule?
No. Document 2024-31385 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.

Other Rules from CFPB

Request for Information Regarding Promoting Access to Mortgage Credit
Proposed · Jul 2026
Equal Credit Opportunity (Regulation B); Special Purpose Credit Programs; Rescission
Final Rule · Jun 2026
Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
Final Rule · May 2026
Equal Credit Opportunity Act (Regulation B)
Final Rule · Apr 2026
Equal Credit Opportunity Act (Regulation B)
Proposed · Feb 2026
Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold
Final Rule · Jan 2026
View all Consumer Financial Protection Bureau rules →

Read our methodology - how this data is sourced, computed, and verified.

Related

Browse all → | Rankings →
Data sourced from official state legislatures, IAPP, NCSL, and federal regulatory trackers. See our methodology for details. Retrieved and formatted by PlainRegWatch

Every figure on PlainRegWatch is rendered from curated state legislative and Federal Register source data, no number is typed in by an editor. Figures on this page come from the curated five-category archive. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Tracker scores and rule counts are curated records in five tracked categories - not enforcement strength, legal advice, a complete inventory of US law, or a live bill-status feed.