Regulation E: Overview
7 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
Regulation E, which implements the Electronic Fund Transfer Act, protects consumers and institutions as electronic banking expands.
What this course covers:
- The disclosures institutions must give consumers
- Guidelines for issuing access devices like debit cards
- Consumer and bank liability when errors occur
- Overdraft protections, receipts, statements and prepaid account rules
The ideal starting point for staff before the detailed Regulation E modules.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course explains that Regulation E implements the Electronic Fund Transfer Act, protecting both consumers and institutions as electronic banking continues to expand across more account types and transaction methods over time, from debit cards to prepaid accounts.
It covers the disclosures institutions must give consumers, giving learners a first look at the disclosure obligations that later, more detailed Regulation E modules build on in far greater depth than this introductory overview provides.
This course covers guidelines for issuing access devices like debit cards, part of the broad overview it provides before staff move into the detailed Regulation E modules that cover individual topics one at a time.
It covers consumer and bank liability when errors occur, introducing the liability concept that later parts of the Regulation E series break down tier by tier in far more detail than this starting overview module provides here.
The course also touches on overdraft protections, receipts, statements, and prepaid account rules, making it the ideal starting point for staff before the detailed Regulation E modules that follow it later on in the full series.
