CrossCheck contributed its three-part Regulation E: Back to Basics series to ABA Risk and Compliance magazine. The articles provide practical guidance on the regulation’s key requirements, common compliance challenges, and enforcement trends.
Remittance Transfers
Elizabeth Crew examines Regulation E, Subpart B, which governs the global remittance market. She highlights sources of compliance violations and enforcement actions, and provides considerations for disclosure format and timing, error resolution procedures, and proper handling of cancellations and refunds. Read the article
Compliance Management of Overdraft Programs
Jim Treacy explores regulatory requirements under Section 1005.17(a) related to overdraft practices. He highlights mandatory opt-in procedures for certain transactions, strict disclosure standards, and risks associated with “authorize positive, settle negative” (APSN) transactions, as well as key elements of an effective compliance management system. Read the article
Procedures for Resolving Errors
CrossCheck breaks down key requirements under Regulation E Section 1005.11 for error resolution. We offer practical considerations for building an effective resolution program, meeting investigation timelines, and managing provisional credit to stay aligned with regulatory expectations. Read the article
Contact CrossCheck to discuss your institution’s compliance program and regulatory priorities.
