What does reg e cover?

Regulation E, also known as the Electronic Fund Transfer Act (EFTA), establishes the rights, liabilities, and responsibilities of consumers and financial institutions regarding electronic fund transfers (EFTs). It covers various transactions, including ATM withdrawals, debit card purchases, and online payments, ensuring consumer protections against unauthorized transactions and requiring clear disclosures from financial institutions. The regulation also mandates procedures for resolving errors and unauthorized transfers, enhancing consumer confidence in electronic banking.