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Q 1/52
Score 0
Law provides protection that a substitute check is the legal equivalent of the original check
30
Check 21
Q 2/52
Score 0
A Consumer protection law for EFT's
30
Regulation E
52 questions
Q.
Law provides protection that a substitute check is the legal equivalent of the original check
1
30 sec
Q.
A Consumer protection law for EFT's
2
30 sec
Q.
A State Law for wholesale payments
3
30 sec
Q.
Law that regulates check processing thru the Reserve banks
4
30 sec
Q.
Code of Federal regulations for Federal ACH Payments
5
30 sec
Q.
Code of Federal Regulations for Treasury Bills and Securities
6
30 sec
Q.
Federal Reserve Banks ACH Operator Guidelines
7
30 sec
Q.
Law that prescribes Federal Reserve Account Requirements
8
30 sec
Q.
Office of the Comptroller of the Currency and applies to national banks
9
30 sec
Q.
Describes limited liability and constructive knowledge of a death of a benficiary
10
30 sec
Q.
covers all electronic fund transfers including transfers occurring through an electronic terminal, computer, telephone, or magnetic tape
11
30 sec
Q.
Code of Federal regulations for EFTPS tax payments
12
30 sec
Q.
Includes disclosure definitions required to Corporate customer, Originators and Receivers
13
30 sec
Q.
Covers check collection and returns, cash and non-cash items processed through Federal Reserve Banks and funds transferred through Fed Wire
14
30 sec
Q.
Includes the FOMF File (Financial Organization Master File)
15
30 sec
Q.
Code of Federal Regulations covering Book Entry Securities and Treasury Notes
16
30 sec
Q.
Implements the Expedited Funds Availability Act of 1987
17
30 sec
Q.
Dictates a specific number of days the bank may delay the customer's access to the deposited funds
18
30 sec
Q.
Law that defines when banks must fund deposits after a certain time
19
30 sec
Q.
Consumer payroll card accounts are covered by this regulation
20
30 sec
Q.
Law which defines transaction vs. non-transaction accounts
21
30 sec
Q.
Defines the requirement that top management be involved in selection of Payment System use for National Banks.
22
30 sec
Q.
Specifies the procedures used in reclamations of Government Benefit payment originated on behalf of the federal government.
23
30 sec
Q.
Law defines that consumer error resolution process for consumer EFT disputes must be disclosed to end users
24
30 sec
Q.
State law that defines a negotiable instrument, and collection of checks, some terms may be altered by state
25
30 sec
Q.
Federal Law that fights money laundering and financial crimes
26
30 sec
Q.
Federal Law that outlines the Suspicious Activity Reporting
27
30 sec
Q.
A 1980 law that gave the Fed greater control of nonmember banks and makes all financial institutions more competitive
28
30 sec
Q.
A federal law that extended the Fed's control to thrift institutions and non-member commercial banks
29
30 sec
Q.
Office of Foreign Asset Control
30
30 sec
Q.
See image
31
30 sec
Q.
See image
32
30 sec
Q.
Defines actions by an FI for international and domestic transactions, and administers economic sanctions and embargo programs that require asset of targeted parties to be blocked or frozen
33
30 sec
Q.
Defines basic rights and obligations of consumers and FI's for use of EFT systems (includes ACH, Debit Cards, Payroll Cards and Gift Cards)
34
30 sec
Q.
Federal Law that defines the upward limit for withdrawals from savings accounts
35
30 sec
Q.
Defines that the Government has 120 days to reason to knowledge of a gov't benefit recipients death
36
30 sec
Q.
Guidance for Electronic Payments Risk including Retail Payments, RDC and Internet Banking
37
30 sec
Q.
Defines the opening of business
38
30 sec
Q.
Defines the Standard Entry Class codes for ACH payments
39
30 sec
Q.
Describes the process for Commercial Benefit Reclamations
40
30 sec
Q.
Defines the ACH Processing Windows
41
30 sec
Q.
Law that required the Federal Reserve to fully charge for the services it provides, thus making the payments marketplace more competitive.
42
30 sec
Q.
Law defining the provision extending truth-in-lending disclosures to consumers
43
30 sec
Q.
Implements the Truth in Lending Act requiring credit institutions to inform borrowers of the true cost of obtaining credit.
44
30 sec
Q.
A set of rules issued by the Federal Reserve Board of Governors to implement the provisions of the Truth-in-Lending Act.
45
30 sec
Q.
Also known as the Gramm-Leach-Bliley Act; Privacy of Consumer Financial Information
46
30 sec
Q.
Regulates Personal/Private information of customers; banks cannot share
47
30 sec
Q.
Law outline gambling regulations
48
30 sec
Q.
Operating Circular for the processing of Checks at the Federal Reserve.
49
30 sec
Q.
Law requiring FI's to disclose to consumers that they will receive a 10 day notice when there is a change to dollar amount in their ACH transaction differing from the original authorization
50
30 sec
Q.
Law requiring virtually all non-tax related payments by the Federal Government be made via EFT.
51
30 sec
Q.
Requirements for the distribution of Federal and State Government Payments