IRAs may not necessarily be covered by Regulation E based on the definition of "account." Are IRAs a "trust" account?
(b)(1) ``Account'' means a demand deposit (checking), savings, or other consumer asset account (other than an occasional or incidental credit balance in a credit plan) held directly or indirectly by a financial institution and established primarily for personal, family, or household purposes.
(2) The term does not include an account held by a financial institution under a bona fide trust agreement.
Opinion expressed are my own and not necessarily those of my employer.