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Fed Approves Amendments Simplifying Reg J

Fed Approves Amendments Simplifying Reg J

Nov. 16, 2018

The Federal Reserve Board approved final amendments to Reg J to better align the rights and obligations of parties with the Board’s 2017 amendments to Regulation CC, given the evolution of the nation’s check collection system to a largely electronic system. The amendments also clarify and simplify provisions of Regulation J, remove obsolete provisions, and improve consistency between Regulation J and Regulation CC.

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