What does Regulation E mean to you?
This important regulation is a step forward in providing you options on how best to manage your personal finances. The purposes of the Electronic Fund Transfer Act, which establishes the basic rights, liabilities, and responsibilities of consumers who use electronic fund transfer services and of financial institutions that offer these services. The primary objective of the act and this part is the protection of individual consumers engaging electronic fund transfers. This was enacted on August 15, 2010.