Regulation E provides basic protections for a consumer when using an electronic fund transfer service that the bank offers. Liability and error resolution are essential to the consumer protections of Regulation E and unauthorized transactions. The regulation defines an error; states the consumers liability; and provides the error resolution procedures that banks must follow. This course will discuss the details of consumer liability and the banks error resolution requirements under Regulation E and unauthorized transactions. This course is intended for frontline, operations, and compliance personnel. Rev–Jan. 2021. Course length ≈ 27 minutes.  

 

CPE Credits: 0.5