Electronic Transactions, Overdraft Fees and the Electronic Funds Transfer Act
It is imperative that all deposit personnel understand the financial institution's rights and responsibilities with regard to the Electronic Funds Transfer Act (Regulation E).
Furthermore, recent amendments to the regulation are going to increase a financial institution’s responsibilities with how it handles overdrafts resulting from certain electronic transactions.
Make sure to attend this important webinar to learn more about the Electronic Funds Transfer Act and Regulation E.
- Which customers are covered under the Act?
- Which accounts are subject to the regulation?
- What are the disclosures that a financial institution must provide upon account opening?
- What disclosures are required periodically throughout the account relationship?
- What actions can a financial institution take when handling reports of unauthorized transactions?
- What do financial institutions have to do to comply with the regulations limiting the ability to assess overdraft fees for ATM and one-time debit card transactions?
- What are the common mistakes made by financial institutions in complying with the regulation?
- How do the new remittance transfer rules impact all financial institutions?
- Regulation E Remittance Transfer rules that will affect almost all financial institutions
All deposit and new accounts personnel.
Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with “Bankers Choice,” a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988.
Presently, she serves as an adjunct instructor at Washburn University School of Law and the University of Kansas School of Law and is a frequent seminar presenter for financial associations.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 CE Credits
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