Regulation E: The Prepaid Rule (Part 1)

Regulation E: The Prepaid Rule (Part 1) is an elearning course that explains how prepaid cards work, and the regulations that govern them. Prepaid cards are hugely popular. Because they’re so widely accessible, Regulation E was expanded to include protection for prepaid accounts. New rules have been amended to handle periodic statements for prepaid cards, pre-acquisition disclosures, changes in error resolution and liability limitations, as well as fee schedules. In Part 1 of the Prepaid Rule, we’ll talk about which accounts and cards are covered, and which ones are not. We’ll cover error resolution, liability limitations, and exceptions for unverified prepaid accounts. Lastly, we’ll discuss the required changes for periodic statements and alternatives.

Part of the series about the Financial Reserve’s Regulation E, this course consists of a video followed by a quick multiple-choice quiz that will test your comprehension. A downloadable reference document is also included for an easy review of key information from the lesson.