Regulation E and Digital Banking Fraud: What Financial Institutions Need to Know

Introduction Fake banking sites aren’t just a customer problem. CFPB guidance makes clear that when a fraudster obtains account access information through deception and uses it to initiate a covered EFT, the transfer may qualify as an unauthorized EFT under Regulation E. That means cloned login pages can create investigation obligations, provisional credit requirements, and […] The post Regulation E and Digital Banking Fraud: What Financial Institutions Need to Know appeared first on Memcyco .