{"abstract":"The Debt Collection Improvement Act of 1996 (the ``Act'') requires that, subject to waiver, all federal payments (other than tax payments) made after January 1, 1999 shall be made by electronic funds transfer (``EFT''). It also mandates that the Secretary of the Treasury (``Treasury'') ensure that individuals required by the Act to receive their payments electronically have an account at a financial institution, with access to such an account at a reasonable cost and with the same consumer protections with respect to the account as other account holders at the same institution. Treasury has issued a rule implementing the Act. Treasury is also designing an electronic transfer account (``ETA SM'') for which any individual who receives a federal benefit, wage, salary, or retirement payment shall be eligible, and that may be offered by any federally-insured financial institution that enters into an ETA SM Financial Agency Agreement with Treasury; Treasury has asked for public comment on the proposed ETA SM. Separately, certain financial institutions have entered into arrangements with nondepository payment service providers, such as check cashers, currency dealers and exchangers, and money transmitters, whereby recipients of electronic federal payments deposited into a non- ETA SM account at the financial institution may gain access to these payments through payment service providers. These service providers are not themselves eligible to maintain deposit accounts or to receive electronic deposits directly from the government. Treasury is seeking comment on whether it should propose regulations regarding these arrangements, and if so, what the content of such regulations should be.","action":"Advance Notice of Proposed Rulemaking (ANPRM).","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Fiscal Service","name":"Fiscal Service","id":585,"url":"https://www.federalregister.gov/agencies/fiscal-service","json_url":"https://www.federalregister.gov/api/v1/agencies/585","parent_id":497,"slug":"fiscal-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/1999/01/08/99-354.html","cfr_references":[{"chapter":0,"citation_url":null,"part":null,"title":31}],"citation":"64 FR 1149","comment_url":null,"comments_close_on":"1999-04-08","correction_of":null,"corrections":[],"dates":"Written comments are encouraged and must be received on or before April 8, 1999.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"99-354","effective_on":null,"end_page":1152,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":null,"html_url":"https://www.federalregister.gov/documents/1999/01/08/99-354/possible-regulation-regarding-access-to-accounts-at-financial-institutions-through-payment-service","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/99-354?publication_date=1999-01-08","mods_url":"https://www.govinfo.gov/metadata/granule/FR-1999-01-08/99-354/mods.xml","not_received_for_publication":null,"page_length":4,"page_views":{"count":15,"last_updated":"2024-03-28 08:15:11 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-1999-01-08/pdf/99-354.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"1999-01-08","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/1999/01/08/99-354.txt","regulation_id_number_info":{"1505-AA74":{"issue":"201010","html_url":"https://www.federalregister.gov/regulations/1505-AA74/possible-regulation-of-access-to-accounts-at-financial-institutions-through-payment-service-provider","title":"Possible Regulation of Access to Accounts at Financial Institutions Through Payment Service Providers","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201010&RIN=1505-AA74&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1505-AA74"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-09-20T22:40:34Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":1149,"subtype":null,"title":"Possible Regulation Regarding Access to Accounts at Financial Institutions Through Payment Service Providers","toc_doc":null,"toc_subject":null,"topics":[],"type":"Proposed Rule","volume":64}