Electronic Funds Transfer Act for Compliance Professionals

Course Number: ABA

Course Code: ABA

Covers the fundamental requirements of the Electronic Funds Transfer Act (EFTA) and Regulation E with examples of dispute resolution application and checklists.

What You’ll Learn
After completing this course, students will be able to:

• Describe the disclosures required by Regulation E and the penalties, and violations for non-compliance
• Define electronic funds transfer error resolution
• Explain how to handle inquiries about customer liability
• Explain the Regulation E rules pertaining to debit cards and ATM overdraft fees, and fee restrictions and expiration dates on gift cards
• Identify the transactions and disclosure requirements covered under the foreign remittance rules

Audience: Compliance and risk management professionals including compliance managers, officers, and other team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, and auditors.

Prerequisites: None

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