CFTEA

Reg E Overdrafts

$55.00

SKU: 6faa8040da20 Category:

Description

Describes the debit cards overdraft rule under Regulation E and what consumer deposit and payroll card accounts are covered as well as the accounts not covered. Explains how the rule prohibits imposing any fee for paying an ATM or one-time debit card overdraft unless the customer has received a notice explaining the fee and consented or opted-in.

 

After completing this course, students will be able to:
• Describe the debit cards overdraft rule under Regulation E
• Identify what is and what is not covered
• Explain the opt-in requirements for certain debit card overdrafts under Regulation E

Code: A2087SP
Signup for our newsletter and be the first to know about new courses and discounts:
  • This field is for validation purposes and should be left unchanged.