Provisional Credit Under Reg E: Rules, Best Practices & FAQs 2022 | Financial Education & Development Inc. | 19 January 2022 | Webinar

Can you identify an unauthorized EFT? Is provisional credit in order? If so, how much and by what deadline? Being able to confidently handle these issues is important to both your financial institution and your accountholder. Join us to learn the ins and outs of Reg E’s requirements for investigations, provisional credit, and consumers’ rights.

After This Webinar You’ll Be Able to:
• Understand what constitutes an “unauthorized” transaction for purposes of provisional credit under Reg E
• Distinguish between what you can and can’t require of the consumer before giving provisional credit
• Explain the specific deadlines for completing an investigation and providing provisional credit
• Determine the proper dollar amount of provisional credit as required by Reg E
• Employ best practices for providing provisional credit under Reg E

Regulation E protects consumers from unauthorized electronic fund transfers (EFTs). It requires financial institutions to investigate alleged unauthorized EFTs and provide provisional credit to accountholders within specific deadlines. But many questions arise.

Is your institution obligated to conduct an investigation even though the accountholder won’t cooperate? Must provisional credit be provided within the standard deadlines even if you haven’t received sufficient information from your core processor to conduct an investigation? Are you required to provide provisional credit if the accountholder won’t sign a simple written statement regarding the alleged unauthorized EFT? This webinar will answer all these questions and explain how to determine when your institution is required to provide provisional credit and in what amount.

2022 Speaker

PRESENTER:

Elizabeth Fast, JD & CPA
Attorney, Spencer Fane LLP