[Federal Register Volume 64, Number 240 (Wednesday, December 15, 1999)]
[Proposed Rules]
[Page 69963]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-32303]


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FEDERAL RESERVE SYSTEM

12 CFR Parts 202, 205, 213, 226, and 230

[Regulations B, E, M, Z, and DD; Docket Nos. R-1040, R-1041, R-1042, R-
1043, and R-1044]


Equal Credit Opportunity; Electronic Fund Transfers; Consumer 
Leasing; Truth in Lending; Truth in Savings

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Request for comments; reopening and extension of comment 
period.

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SUMMARY: On September 14, 1999, the Board published for public comment 
revised proposals that would permit electronic delivery of federally 
mandated disclosures under five consumer protection regulations: B 
(Equal Credit Opportunity), E (Electronic Fund Transfers), M (Consumer 
Leasing), Z (Truth in Lending), and DD (Truth in Savings). The Board is 
reopening and extending the comment period in order to obtain 
additional comments from individual consumers, primarily by conducting 
focus group interviews.

DATES: Comments must be received by March 3, 2000.

ADDRESSES: Comments may be mailed to Jennifer J. Johnson, Secretary, 
Board of Governors of the Federal Reserve System, 20th Street and 
Constitution Avenue, NW, Washington, DC 20551. Comments should refer to 
Docket No. R-1040 for Regulation B, Docket No. R-1041 for Regulation E, 
Docket No. R-1042 for Regulation M, Docket No. R-1043 for Regulation Z, 
and Docket No. R-1044 for Regulation DD. Comments addressed to Ms. 
Johnson may also be delivered to the Board's mail room between 8:45 
a.m. and 5:15 p.m. weekdays, and to the security control room at all 
other times. The mail room and the security control room, both in the 
Board's Eccles Building, are accessible from the courtyard entrance on 
20th Street between Constitution Avenue and C Street, NW. Comments may 
be inspected in room MP-500 of the Board's Martin Building, between 
9:00 a.m. and 5:00 p.m., pursuant to the Board's Rules Regarding the 
Availability of Information, 12 CFR Part 261.

FOR FURTHER INFORMATION CONTACT: Natalie E. Taylor, Counsel, or Michael 
L. Hentrel, Staff Attorney, Division of Consumer and Community Affairs, 
Board of Governors of the Federal Reserve System, at (202) 452-3667 or 
452-2412. Users of Telecommunications Device for the Deaf (TDD) only, 
contact Diane Jenkins at (202) 452-3544.

SUPPLEMENTARY INFORMATION: On September 14, 1999, the Board published 
proposed amendments to permit electronic delivery of federally mandated 
disclosures under Regulations B (Equal Credit Opportunity), 64 FR 
49688; E (Electronic Fund Transfers), 64 FR 49699; M (Consumer 
Leasing), 64 FR 49713; Z (Truth in Lending), 64 FR 49722; and DD (Truth 
in Savings), 64 FR 49740. The comment period closed on November 15, 
1999. See the extension of comment period published October 25, 1999 
(64 FR 57409.)
    The Board is reopening and extending the comment period until March 
3, 2000, in order to obtain views from individual consumers through 
focus group interviews. The Board plans to invite consumers who have 
conducted financial transactions using the Internet or a home-banking 
program, or who would consider doing so in the near future, to comment 
on the effectiveness of proposed model forms for obtaining consumers' 
agreement to the electronic delivery of disclosures. Although the 
comment period is being extended primarily for the purpose of 
conducting these focus groups, other members of the public may also 
submit comments during this period but they are encouraged to submit 
them as soon as possible. Final action on the proposals is expected in 
March, shortly after the close of the public comment period.

    By order of the Secretary of the Board, acting pursuant to 
delegated authority for the Board of Governors of the Federal 
Reserve System, December 8, 1999.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 99-32303 Filed 12-14-99; 8:45 am]
BILLING CODE 6210-01-P