Regulation E: Prepaid Account Compliance

• Overview

Understand the specific Regulation E requirements and the relevant rules and regulations.Regulation E: Prepaid Account Compliance is part of the Federal Reserve System. The prepaid rule adds the term 'prepaid account' to the definition of 'account' in Regulation E. Accounts that meet the prepaid rule's definition of prepaid account are subject to various requirements under amended Regulation E. This course will review the background, scope, disclosures, error resolution details, and regulatory requirements relevant to preauthorized EFTs. If you are new to Regulation E, this is a must-have. If not, this is a great refresher.

Authors

Agenda

Regulation E: Prepaid Account Compliance

• Background

• Scope

• Definitions

Authorizations and Disclosures

• Different Types of Disclosures

• Contents

• When and How to Send

Error Resolution

Statements and Agreements

Overdraft

Regulatory

• Background

• Scope

• Stop Payment Rules

• Examinations