Recently, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board (FRB) jointly amended the adjustments for inflation to dollar amounts affecting the availability of consumer funds, as outlined in Regulation CC.
These changes include the minimum funds banks must make available for withdrawal by the next business day for certain check deposits and the amount of funds from certain checks deposited into new accounts subject to next-day availability.
Mandated by law, these adjustments are made every five years based on the annual increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. The compliance date for implementing these adjustments is set for July 1, 2025, allowing credit unions sufficient time for implementation.
The adjusted amounts are as follows:
| Section | Threshold |
| Minimum Amount; 12 CFR 229.10(c)(1)(vii) | $275 |
| Cash Withdrawal Amount;12 CFR 229.12(d) | $550 |
| New-Account Amount; 12 CFR 229.13(a)(1)(ii) | $6,725 |
| Large-Deposit Threshold; 12 CFR 229.13(b) | $6,725 |
| Repeatedly Overdrawn Threshold; 12 CFR 229.13(d)(2) | $6,725 |
| Civil Liability Minimum and Maximum for Individual Action; 12 CFR 229.21(a)(2)(i) | $125 $1,350 |
| Civil Liability Maximum for Class Action; 12 CFR 229.21(a)(2)(ii)(B) | $672,950 |
Read the final rule.
Access the ‘Compliance Hotline’
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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