Reg E / EFTs   (TeleConference)

 

Thursday, May 31, 2012

10:00 am - 11:00 am CST

 

Speaker: Carl Pry, JD, Key Bank

 

About the Program

Regulation E is one of the most consumer-friendly regulations out there, and consequently it is one that frustrates compliance people quite frequently. It’s also one the examiners focus on quite often, as well, so your compliance efforts here must be focused and up-to-date. Most institutions run into trouble with the error resolution procedures, so we’ll focus on those parts of the rules, so you can learn from the mistakes of others. We’ll also talk about the (relatively) new overdraft rules that require affirmative consent. Among the topics we’ll discuss:

• Definition of an EFT: What’s included, what is not
• Disclosure requirements: when, what, and how
• Error resolution: timeframes, required actions, and consequences
• New overdraft opt-in rules: scope of the requirements and what must be done
• Credit union and member responsibilities

 

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Printable Brochure (Adobe PDF File)

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