Reg E Disclosure Requirements
Course Number: ABA
Course Code: ABA
Describes the disclosures required by Regulation E that let consumers know their rights and responsibilities and about electronic fund transactions they made or have agreed to make. Describes the disclosures that explain what happens when there is a problem with an electronic funds transfer and what reporting obligations consumers have in order to avoid liability. Discusses periodic statement disclosures and those mandated at ATMs. Covers the rules a bank must follow if it decides to provide disclosures in electronic format.
After completing this course, students will be able to:
Explain the following Regulation E required disclosures:
-Change in Terms Disclosure
-Debit Fee Notice
-Error Resolution Notice
Audience: Any employees who open consumer accounts or who sign customers up for new electronic products or services.