Description
This course explores the remittance transfer rules of Regulation E. It explains the basic rights, liabilities and responsibilities of consumers who use remittance transfer services, and rights of banks that offer these services. It also describes the disclosure and timing requirements and the cancellation and error resolution procedures under this rule.
What You’ll Learn
After completing this course, students will be able to:
- Explain what money transfers are covered
- Describe the disclosure requirements for consumer remittances
- Explain the regulation’s consumer protections, including error resolution and remittance transfer cancellation rights
