CFPB · Notice of proposed interpretive rule; request for comment FR Doc. 2025-00565 · Published

CFPB Proposed Interpretive Rule on EFTA/Regulation E Coverage of Emerging Payment Mechanisms

CFPB proposes an interpretive rule stating that EFTA and Regulation E can cover stablecoins, virtual currencies and similar assets held in accounts established primarily for personal, family, or household purposes. It is a proposal open for comment until March 31, 2025 and imposes no new obligations on mortgage lenders or servicers.

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Loan impact

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Applies to: Providers of electronic fund transfer accounts and emerging payment products; not directed at residential mortgage origination or servicing.

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What to do

AWACS interpretation · not source language

What to review: No change in this record is mandatory: it is a proposal open for comment until March 31, 2025, aimed at providers of electronic fund transfer accounts and emerging payment products rather than mortgage origination or servicing, so compliance only needs to note it for awareness.

Source and record

Version 1 · archived

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