EFT Act and Regulation E In 2022

Recorded Session
60 Minutes
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On December 13, the Consumer Financial Protection Bureau updated its FAQs on electronic fund transfers. You must incorporate this guidance as you set your 2022 policies and procedures.

WHY SHOULD YOU ATTEND?

The Electronic Fund Transfers Act establishes the rights, liabilities, and responsibilities of financial institutions that offer electronic fund transfer services. Implemented by Regulation E, this law requires disclosures and procedures that protect consumers and their funds.

LEARNING OBJECTIVES

  • What are the disclosure requirements of Regulation E?
  • What is the liability for unauthorized transactions?
  • How should you resolve errors?
  • What are the requirements for overdraft services?
  • How must you handle gift cards?
  • What procedural changes should you make for 2022?

WHO WILL BENEFIT?

Anyone who works within the following areas of a bank: Consumer compliance, regulatory Affairs, Project Management Office (PMO), related risk functions, operational support for consumer banking, customer-facing, or branch staff.

The Electronic Fund Transfers Act establishes the rights, liabilities, and responsibilities of financial institutions that offer electronic fund transfer services. Implemented by Regulation E, this law requires disclosures and procedures that protect consumers and their funds.

  • What are the disclosure requirements of Regulation E?
  • What is the liability for unauthorized transactions?
  • How should you resolve errors?
  • What are the requirements for overdraft services?
  • How must you handle gift cards?
  • What procedural changes should you make for 2022?

Anyone who works within the following areas of a bank: Consumer compliance, regulatory Affairs, Project Management Office (PMO), related risk functions, operational support for consumer banking, customer-facing, or branch staff.

This webinar is on hold for future date. If you are interested in this webinar,
Please contact our customer care team 510-868-1040.

Speaker Profile

ins_img Justin Muscolino

Justin brings over 20 years of wide-ranging experience in compliance, training, and regulation in the financial services sector. Most recently, he served as Head of Compliance Training at Bank of China, where he led the compliance training function and created and monitored the annual training plan through a thorough training needs analysis. Previously, he served as Macquarie Group’s Head of Americas Compliance Training and J.P. Morgan Chase’s compliance training manager. He also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function.

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