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(315) 342-5300
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In June, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve released amendments to Regulation CC, implementing a required inflation adjustment every five years to certain hold threshold amounts in Regulation CC. As of Wednesday July 1, the first inflation adjustment is in effect.

Effective July 1, the inflation adjustments to Regulation CC are as follows:

-          $200 is changing to $225. This amount is used for case-by-case holds.

-          $5,000 is changing to $5,525. This amount is used for new account, large deposit and repeatedly overdrawn holds.

If you have any questions, please contact our main office at (315) 342-5300.

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