Why Should You Attend:
Financial institutions often find themselves in a position of trying to determine appropriate actions when Regulation E and the ACH Rules don't align or appear contradictory. This could put an institution in compliance with one and out of compliance with the other. This session explores areas where the two don't always align and provides handling recommendations.
Interpretations of Federal Regulation E, known as the consumer protection regulation, change and those changes sometimes places stress on financial institutions who are trying to apply the regulation to daily ACH processing and returns. This webinar analyzes areas where the two don’t align and where one provides stronger protections and more obligations than the other so an institutions’ internal procedures are comprehensive enough to manage all obligations and avoid regulatory scrutiny.
Areas Covered in the Webinar:
Review intent and focus of Regulation E & the ACH Rules
Analyze situations where Regulation E and the ACH Rules do not align
Determine appropriate responses and procedures to manage risk and loss
Terminology
Error Resolution
Documentation
Statements
Stop Payments
Unauthorized
Revoked Authorization
Consumer vs. Business SEC’s
Recurring TEL
Responsibility / liability
Financial institutions often find themselves in a position of trying to determine appropriate actions when Regulation E and the ACH Rules don't align or appear contradictory. This could put an institution in compliance with one and out of compliance with the other. This session explores areas where the two don't always align and provides handling recommendations.
Interpretations of Federal Regulation E, known as the consumer protection regulation, change and those changes sometimes places stress on financial institutions who are trying to apply the regulation to daily ACH processing and returns. This webinar analyzes areas where the two don’t align and where one provides stronger protections and more obligations than the other so an institutions’ internal procedures are comprehensive enough to manage all obligations and avoid regulatory scrutiny.
Areas Covered in the Webinar:
Review intent and focus of Regulation E & the ACH Rules
Analyze situations where Regulation E and the ACH Rules do not align
Determine appropriate responses and procedures to manage risk and loss
Terminology
Error Resolution
Documentation
Statements
Stop Payments
Unauthorized
Revoked Authorization
Consumer vs. Business SEC’s
Recurring TEL
Responsibility / liability
