# 2024-31385: CFPB Abandons Plan to Ban Declined Debit Card Fees

2024-31385, Fees for Instantaneously Declined Transactions; Withdrawal of Proposed Rule, is a Federal Register proposed rule from an unnamed agency published 2025-01-14, effective 2025-01-14; PRIA reads it as touching household money (as of 2026-06-11).

- Canonical: https://policyrisk.com/federal-register/2024-31385
- As of: 2026-06-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2024-31385
- Title: Fees for Instantaneously Declined Transactions; Withdrawal of Proposed Rule
- Type: Proposed Rule
- Agencies: unknown
- Citation: unknown
- Published: 2025-01-14
- Effective: 2025-01-14
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-11

## In one line

CFPB Abandons Plan to Ban Declined Debit Card Fees

## Summary

The Consumer Financial Protection Bureau (CFPB) is pulling back its plan to stop banks from charging fees when your card or payment is instantly declined. They want to take a bigger look at all kinds of fees before making new rules. This means no changes or fee cuts happen right now, but stay tuned for future updates that could save you money!

## Abstract

The Consumer Financial Protection Bureau (CFPB) is withdrawing its proposed rule to prohibit banks and other financial institutions from charging certain nonsufficient funds (NSF) fees, such as those for declined debit card purchases, Automated Teller Machine (ATM) withdrawals, and some person-to-person payments. The CFPB will determine whether a more comprehensive approach to also prohibit NSF fees charged for additional types of transactions will better protect consumers from potentially unlawful fees.

## Effects PRIA read

- Withdrawal of Instant-Decline NSF Ban: cost, low. The CFPB withdrew its January 31, 2024 proposed rule on January 14, 2025, so there is no new ban right now on banks charging nonsufficient funds (NSF) fees for instantaneously declined transactions. This means fees for declined debit card purchases, ATM withdrawals, and some person-to-person paymen…
- CFPB May Study Broader NSF Fees: benefit, medium. The CFPB said it will consider whether to pursue a broader rulemaking to address NSF fees charged for other transaction types, such as check, Automated Clearing House (ACH), and recurring debit transactions. The agency is withdrawing the instant-decline-focused proposal to take more time to study w…

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## Sources
- [2024-31385 on federalregister.gov](https://www.federalregister.gov/documents/2025/01/14/2024-31385/fees-for-instantaneously-declined-transactions-withdrawal-of-proposed-rule)
- [2024-31385 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-01-14/pdf/2024-31385.pdf)

## Related
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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2024-31385 (as of 2026-06-11).