EFT Act and Regulations E in 2023
Justin Muscolino 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 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.
We will explore all aspects of regulation E, plus discuss how this rule impacts your day-to-day responsibilities. You will learn how to comply with the Electronic Fund Transfers Act In 2023.
This webinar will focus on the background of Electronic Fund Transfers Act, as well as recent developments that affect electronic transfers. We will also cover disclosures, error resolution, gifts and the examination side.
Areas Covered
- 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 should gift cards be handled?
- What procedural changes should you make for 2023?
Course Level - Basic
Who Should Attend
Compliance roles
Why Should You Attend
Electronic Fund Transfers Act provides consumers with rights, liabilities, and responsibilities that offer electronic fund transfer services. Since regulation E came into existence, there have been a lot of changes due to technology, consumers, businesses and more.
On December 13, the Consumer Financial Protection Bureau updated its FAQs on electronic fund transfers. You must incorporate this guidance as you set your 2023 policies and procedures.
-
$200.00
-
