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.
Define prepaid accounts
Explain the special “pre-acquisition” disclosures that must be provided with prepaid accounts
Describe the alternatives to the periodic statement requirement that include related procedures for resolving errors
Explain the requirement for agreements to be provided to the Bureau and posted on websites
Describe how Regulation Z treats prepaid accounts;with credit features
What You’ll Learn
After completing this course, students will be able to: