Compliance Alert: Agencies Announce Dollar Thresholds for Regulation CC Funds Availability
Under 607(f) of the Expedited Funds Availability Act1 (EFAA), the Federal Reserve Board and the Consumer Financial Protection Bureau (agencies) must make inflation adjustments every five years to certain dollar thresholds in Regulation CC, the EFAA’s implementing regulation. On May 20, 2024, the agencies published a final rule in the Federal Register to make these adjustments effective July 1, 2025.
The table lists the current thresholds and the inflation-adjusted thresholds that become effective next year.
Table: Inflation-Adjusted Dollar Thresholds for Regulation CC
|
Threshold |
Citation |
Current |
7/21/25 |
|
Minimum Amount from Deposit |
12 C.F.R. §229.10(c)(1)(vii) |
$225 |
$275 |
|
Cash Withdrawal Amount |
12 C.F.R. §229.12(d) |
$450 |
$550 |
|
New-Account Amount |
12 C.F.R. §229.13(a)(1)(ii) |
$5,525 |
$6,725 |
|
Large-Deposit Threshold |
12 C.F.R. §229.13(b) |
$5,525 |
$6,725 |
|
Repeatedly Overdrawn Threshold |
12 C.F.R. §229.13(d)(2) |
$5,525 |
$6,725 |
|
Civil Liability Minimum/Maximum for Individual Action |
12 C.F.R. §229.21(a)(2)(i) |
$100/$1,100 |
$125/$1,350 |
|
Civil Liability Maximum for Class Action |
12 C.F.R. §229.21(a)(2)(ii)(B) |
$552,500 |
$672,950 |
The inflation adjustments are based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. The inflation measurement period for this adjustment began in July 2018 and ended in July 2023.
Because the rule will require banks to adjust their systems, and then conduct testing to validate the changes, the agencies issued the rule in May 2024 to provide sufficient time to implement it.
1 Codified at 12 U.S.C. §4006(a).