Describes how Regulation E applies to a payroll card “account” just as it applies to other types of traditional deposit accounts, such as checking and savings accounts. Explains the exceptions, including those that apply to periodic statements and error resolution.
After completing this course, students will be able to:
• Describe an overview of the Regulation E requirements for payroll cards
• Explain the issuance and restrictions associated with Regulation E for payroll cards
• Describe the specific Regulation E requirements associated with payroll cards