Multiple Choice

What is the primary purpose of Regulation E (Reg E)? *

To increase the speed of electronic transactions

To protect consumers in electronic banking transactions

To promote the use of non-electronic documentation

To decrease the use of electronic fund transfers

Which of the following is a consumer right under Regulation E? *

Unlimited liability for unauthorized transactions

No requirement to receive transaction documentation

Rapid resolution of disputes

Extended transaction times

What does the ESign act primarily support? *

The use of digital marketing techniques in commerce

The use of electronic records and signatures in commerce

The reduction of electronic communication

The increase of paper-based transactions

Micro Learning - Regulation E (electronic transactions)