Online Courses Financial Compliance General Financial Regulatory Compliance Changes in July 2010

Changes in July 2010

Created by: HSI - Health & Safety Institute Top Author

1,422 views Prime

Last Updated 11/2022

English

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Finish in
6 min! Run Time

Made for for
Employees
only

No Certificate
Provided

What you'll learn

Explain the November 2009 amendments the Federal Reserve Board made to Regulation E

Describe how overdraft fee rules changed for ATM and one-time debit transactions

Apply the revised overdraft requirements in practice

Skills covered in this course

banking Bank Regulation regulation E HSI-ej4

FAQs

Description

In November 2009, the Federal Reserve Board amended Regulation E to change how banks may charge overdraft fees on ATM and one-time debit card transactions, with the rules taking effect July 1, 2010.

What this course covers:

The Regulation E amendment and why it was made
Overdraft fees on ATM and one-time debit card transactions
The consumer opt-in, or affirmative consent, requirement
What changed when the rules took effect on July 1, 2010

Ideal for banking staff who handle overdraft programs and consumer accounts.

System Requirements

See System Requirements in the Coggno Knowledge Base

Author

HSI - Health & Safety Institute

1960 Courses

Making the Workplace Safer and Smarter

HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.

HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.

Frequently Asked Questions

The Federal Reserve Board's November 2009 amendment to Regulation E, which changed how banks may charge overdraft fees on ATM and one-time debit card transactions, effective July 1, 2010.

Regulation E's affirmative consent requirement, meaning banks needed a customer's opt-in before charging overdraft fees on ATM and one-time debit card transactions.

Banking staff who handle overdraft programs and consumer accounts, since the July 2010 rule change directly affects how those transactions are processed.

ATM withdrawals and one-time, non-recurring debit card transactions, the two categories the amended Regulation E overdraft rules specifically target.

To change how banks may charge overdraft fees on ATM and one-time debit card transactions, with the new rules taking effect on July 1, 2010.

This course is designed for employees who need to complete Changes in July 2010 training

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 6 minutes to complete and can be paused and resumed at any time.

No. This course does not include a certificate of completion.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

Yes. This course is available for free with an active Prime Subscription.

Yes. Refund requests can be submitted within 30 days of purchase.

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Changes in July 2010

What you'll learn

Skills covered in this course

Overview