Description
Describes how recent Regulation E amendments apply to prepaid accounts and how the amended Regulation Z (Truth in Lending Act) regulates any credit or overdraft features associated with prepaid accounts.
What You’ll Learn
After completing this course, students will be able to:
Define prepaid accountsExplain the special “pre-acquisition” disclosures that must be provided with prepaid accountsDescribe the alternatives to the periodic statement requirement that include related procedures for resolving errorsExplain the requirement for agreements to be provided to the Bureau and posted on websitesDescribe how Regulation Z treats prepaid accounts;with credit features