Regulation E & the New Remittance Transfer Rule – Are You in Compliance?
The changes are effective on October 28, 2013, and they will impact how you send remittances. This timely webinar examines how Regulation E affects your institution and will help to ensure compliance with the new rule.
Regulation E (The Electronic Funds Transfer Act) has had more impact on consumer transactions than any other banking regulation in history. On April 29, 2013, the Consumer Financial Protection Bureau (CFPB) issued the final regulation and official interpretation on Section 1073 of the Dodd-Frank Act, amending the February, July and August 2012 rulemaking addressing three specific issues dealing with:
- Fee disclosures imposed by a designated recipient’s institution
- The requirement to disclose taxes collected by a person other than the remittance transfer provider
- Error resolution provisions.
These changes take effect on October 28, 2013. It is imperative that you are aware of these changes as it will impact how you send remittances. You must also be aware of how Regulation E affects your ACH processing and understand the cost of non-compliance. Attend this webinar to examine how Regulation E affects your financial institution and help ensure compliance with the new remittance transfer rule.
- The new remittance transfer rule
- Error resolutions procedures for EFT transactions
- Disclosure requirements
- Debit cards error dispute resolution
Compliance personnel, auditors and all others interested in gaining knowledge on Regulation E and processing ACH transactions.
Laurie Appelbaum, AAP is the managing director of Appel Enterprises. Laurie has over 11 years experience in the payments arena and has spoken at several industry related conferences. She has participated in many NACHA sponsored events and was the former chair of the Regional Payments Association Marketing Committee. She became an accredited ACH Professional in 2002 while Director of Education Services at SWACHA in Dallas.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hrs. CRCM/CFSSP/CCSR/CBT/CPB.
Member price: $265.00 | Non member price $530.00
Member price: $280.00 | Non member price $560.00
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