Regulation E: Electronic Transaction Overdraft Services Opt-In
Last Updated 11/2022
English
30-Day Money Back Guarantee
Full Lifetime Access
Finish in
12 min! Run Time
12 min! Run Time
Made for for
Employees
only
Employees
only
No Certificate
Provided
Provided
Mobile -
Friendly
Access
Friendly
Access
What you'll learn
Explain the opt-in requirement for electronic transaction overdraft services
Describe what changed from the practice that preceded July 2010
Obtain and record consumer consent correctly
Key Words
Description
Before July 2010, banks could cover an overdrawn electronic transaction and charge a fee without the consumer's consent. Regulation E changed that.
What this course covers:
- Why the overdraft opt-in rule was added to Regulation E
- What overdraft coverage on electronic transactions means
- How consumers opt in to this coverage
- What the rule means for institutions and their customers
Built for staff who manage overdraft services and consumer accounts.
System Requirements
See System Requirements in the Coggno Knowledge Base
Frequently Asked Questions
This course is designed for employees who need to complete Regulation E: Electronic Transaction Overdraft Services Opt-In training
Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.
The course takes approximately 12 minutes to complete and can be paused and resumed at any time.
No. This course does not include a certificate of completion.
Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.
Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).
Yes. The course is fully self-paced and available 24/7.
Yes. This course includes a knowledge check to reinforce learning and verify completion.
Learners have lifetime access from the date of purchase.
Yes. A preview is available so you can review the course format and content before purchasing.
Yes. Content is reviewed and updated as regulations and best practices change.
Yes. This course is available for free with an active Prime Subscription.
Yes. Refund requests can be submitted within 30 days of purchase.
