--- begin forwarded text Mime-Version: 1.0 Date: Wed, 28 Aug 1996 11:21:09 -0700 To: rah@shipwright.com From: Somebody Subject: Reg E changes Bob, If you have not already done so, please submit a public comment re: the proposed Reg E changes [Docket No. R-0919]. The deadline is September 7th. You may want to announce this to other fans of bearer certs. Thanks to my friends at the Fed, I am in possession of comments already submitted. The opposition is trying to get the Fed to not make the proposed account/non-account based distinction when deciding what is covered under Reg E, but instead use a $ cap. The logic is that there is an account anyway, be it on the card (such as the record of the total on a prepaid card that is used for paying subway fares) or be it at the bank. We need to make sure that the supporters of non-book entry systems make their voices heard. When writing the comment, please include a request to do away with the hard copy signature requirements for opening accounts. If the Fed gets enough requests, they will include it in the next round of proposals. -- Somebody --- end forwarded text ----------------- Robert Hettinga (rah@shipwright.com) e$, 44 Farquhar Street, Boston, MA 02131 USA "'Bart Bucks' are not legal tender." -- Punishment, 100 times on a chalkboard, for Bart Simpson The e$ Home Page: http://www.vmeng.com/rah/