Consumer Banking and Payments Law: Introduction and Listing of Provisions
Regulation CC, 12 C.F.R. part 229, was issued by the Federal Reserve Board to implement the Expedited Funds Availability Act (the EFA Act), 12 U.S.C. §§ 4001–4010, and the Check Clearing for the 21st Century Act (the Check 21 Act), 12 U.S.C. §§ 5001–5018. The official commentary to Regulation CC is reprinted in Appendix C.3, infra.