Comment on CFPB_FRDOC_0001-0050

Document ID: CFPB-2011-0009-0043
Document Type: Public Submission
Agency: Consumer Financial Protection Bureau
Received Date: February 10 2012, at 12:00 AM Eastern Standard Time
Date Posted: March 21 2012, at 12:00 AM Eastern Standard Time
Comment Start Date: February 7 2012, at 12:00 AM Eastern Standard Time
Comment Due Date: April 9 2012, at 11:59 PM Eastern Standard Time
Tracking Number: 80fb2e6e
View Document:  View as format xml

This is comment on Proposed Rule

Electronic Fund Transfers

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The 10 day period for transfer period should be extended to 15 days instead of 10. As well, a person should be included in this regulation so that it applies to all transfers whether they be via bank, business, or personal. However, there should be more flexibility in this rule to allow for the variances in society and daily life. Too strict of a rule would be more harmful than helpful rendering this decision as not in the best interests of the American People. Flexibility should be the goal here.

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