EFT Act and Regulation E In 2022

Image credit: pxhere.com
Duration 60 Mins
Level Basic & Intermediate & Advanced
Webinar ID IQW22F0624

  • 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?

Overview of the webinar

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.

Who should attend?

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.

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.

Faculty - Mr.Justin Muscolino

Justin brings over 20 years of wide-arranging experience in compliance, training and regulations. 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 JPMorgan Chase’s Compliance Training Manager.Justin 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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