Regulation E: Manage the Compliance Risk, Maintain the Rewards

With at least two-thirds of all U.S. payments being made electronically and that rate increasing every year, financial institutions face a rising number of claims involving electronic funds transfers (EFTs). This rise is compounded by the inability of their manual Reg E processes to handle such high volume. In this White Paper, ATTUS clears up the many misconceptions of Reg E and provides recommendations for mitigating the risks in your process.

Is your institution properly managing Reg E error resolution claims?  This White Paper helps you answer that question. You’ll benefit by learning definitive actions to strengthen your Reg E compliance program and by boosting your employee training efforts through our real life scenarios.

·         Do your employees understand the strict timing requirements of Section 205.11(C)

of Reg E, which makes up the majority of violations?

·         Do your employees properly apply the timing requirements?

·         Is your institution providing the proper disclosure notices within the mandated time frames

to customers throughout the investigation process?

·         Do your employees understand what constitutes an adequate notice of a claim?

·         What is the best solution for your institution?  An automated Reg E process or a manual one?