On May 13, 2024, the Federal Reserve Board and the CFPB issued a final rule amending Regulation CC, which implements the Expedited Funds Availability Act (EFA Act), to adjust for inflation dollar amounts relating to availability of funds. In 2019, the Board and the CFPB finalized a rule that formally set a methodology for inflation adjustments which occur every five years.

The new thresholds will be effective from July 1, 2025 for five years. The adjustment was a result of the 21.8 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers between July 2018 and July 2023. The new thresholds are as follows:

Minimum Amount: $275
Cash Withdrawal Amount: $550
New-Account Amount: $6,725
Large-Deposit Threshold: $6,725
Repeatedly Overdrawn Threshold: $6,725
Civil Liability Minimum and Maximum for Individual Action: $125, $1,350
Civil Liability Maximum for Class Action: $672,950

The Compliance Cohort will be creating a training program on these changes in the first quarter of 2025.

A copy of the final rule can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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