The Federal Reserve Board issued an interim rule Friday that would let banks deliver account statements and other mandatory disclosures electronically if the consumer agrees.

The interim rule, which goes into effect March 20, would not require financial institutions to provide paper copies of the disclosures. Separately, as part of an effort to revise rules for interbank check clearing, the Federal Reserve Board is considering a later deadline for checks that must receive same-day settlement.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.