Error Resolution and Liability Limitations Under Regulations E and Z: Regulatory Requirements, Common Violations, and Sound Practices | 9
The Electronic Fund Transfer Act (EFTA) which is implemented by Regulation E and the Truth in Lending Act by Regulation Z impose investigation by financial institutions when a consumer notifies an error for an electronic fund transfer (EFT), error resolution requirements, and limits consumer liability for credit cards.
In this article, these requirements for Regulation E and Z are reviewed to suggest sound practices which can help financial institutions comply with these regulations, including yours! Find out more in the link of the article given down below.