Requirements / bfbe2d2bef7c0bff

This is a normalized obligation summary extracted deterministically from regulatory text. The structured fields below are parsed from the source—not AI-generated summaries.

Prohibited FINAL

Obligation Structure

Actor: institution
Modality: Prohibited
Duty: checking or other transaction account

Source Text

A very large financial institution shall not structure covered overdraft credit as a negative balance on a checking or other transaction account.

Source Document: 2024-29699

Agency: Consumer Financial Protection Bureau

CFR Parts: 12 CFR 1005, 12 CFR 1026

Requirement Type: other

Lifecycle History

2/10/2026 ADDED — → FINAL 2024-29699

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Stable ID: bfbe2d2bef7c0bff