Reg E Compliance

Regulation E was created to protect consumers who use electronic funds transfers (EFTs) by identifying the rights and liabilities of consumers as well as the responsibilities of the financial institutions who process these transfers.

The complex requirements and broad scope of Reg E create several challenges including:

• Obtaining all relevant information when the claim is reported
• Determining correct dates when provisional and final credit is due
• Calculating credits accurately
• Customer notice requirements
• Record keeping requirements

Reg E Software

Increased reliance on EFTs in everyday lives has coincided with a proportionate increase in the number of EFT error claims that financial institutions receive. For this reason, Reg E compliance not only helps to protect the consumer but the financial institution as well. Affordably automate the confusing Reg E error resolution process and proof of compliance reporting by using the case management system in WatchDOG® for Reg E.

WatchDOG® for Reg E will aid your employees in completing the required steps within the mandated time frames including automatically generating the required customer notices. Find out more about WatchDOG® for Reg E.