Regulation E Vs. The ACH Rules

This session explores areas where the Regulation E and the ACH Rules don’t always align and provides handling recommendations.

Financial institutions often find themselves in a position of trying to determine appropriate actions when Regulation E and the ACH Rules don’t align or appear contradictory. This could put an institution in compliance with one and out of compliance with the other.

Why Should You Attend

Interpretations of Federal Regulation E, known as the consumer protection regulation, change and those changes sometimes places stress on financial institutions who are trying to apply the regulation to daily ACH processing and returns. This ACH compliance webinar analyzes areas where the two don’t align and where one provides stronger protections and more obligations than the other so an institutions’ internal procedures are comprehensive enough to manage all obligations and avoid regulatory scrutiny.

Areas Covered In This Webinar

Terminology
Error Resolution
Documentation
Statements
Stop Payments
Unauthorized debit
Revoked Authorization
Consumer vs. Business SEC’s
Recurring TEL
Responsibility / liability

Learning Objectives

Review intent and focus of Regulation E
Review intent and focus of the ACH Rules
Analyze situations where Regulation E and the ACH Rules do not align
Determine appropriate responses and procedures to manage risk and loss

Who Will Benefit

Financial institutions

Positions:

Operations
Frontline / Customer Service personnel
Internal Auditors
Risk Officers
Director of Security
Compliance Professionals
Operational Risk professionals
CFO / Finance Professionals
Audit Committee Members
Operations Risk Managers
Departmental Managers
Information Security
Information Technology
Fraud Investigators
Trainers
Branch managers

Speaker and Presenter Information

Rayleen M. Pirnie, AAPis the founder and owner of RP Payments Risk Consulting Services, LLC., based in Missouri. She is a nationally recognized speaker whose educational programs provide valuable, actionable strategies for financial institutions and businesses on topics ranging from payments risk management to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.

Rayleen has spoken at national and regional conferences for over 16 years. Recent events include NACHA’s Payments Conference, the American Bankers Association Risk Management Forum, the Security Matters annual conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City’s Risk Management Conference.

Always endeavoring to help organizations manage payments risk, Rayleen has supported many notable organizations over the years. She is currently member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA’s Risk Management Advisory group for two terms, and assisted with FSISAC’s first CAPP exercise, to name just a few.