Electronic Transactions and Regulation E Disasters
As the vast majority of transactions that pass through your bank are electronic, this is an important topic. Despite the myriad ways to complete electronic transactions, the CFPB has not updated Regulation E in a long time. They have issued some questions and answers, which are helpful, but Regulation E still has not “heard” of PayPal, Venmo, or any of the other electronic systems that you contend with every day.