Regulation E

Regulation E is a set of rules by the Federal Reserve that protects consumers when they use electronic banking services like debit cards, ATMs, and online transfers. It ensures that consumers are properly informed about fees and their rights if they experience errors or unauthorized transactions. For example, it limits your liability if someone uses your card fraudulently and establishes procedures for reporting problems. In essence, Regulation E helps ensure electronic banking is fair, transparent, and provides clear recourse if issues arise.