Skip to content

Debit Cards, Fraud & Reg E

Answered by: 

I'm a banking newbie and I need to know if debit card transactions are considered EFT transactions. Is Reg E what determines consumer liability for fraudulent debit card transactions?

Debit card transactions in consumer accounts are most definitely covered by Reg E. Consumer liability is addressed in section 205.6 of the regulation and can be affected (but only to the consumer's benefit) by the rules of the card association (MasterCard or Visa, for example) covering the card.

First published on 2/25/08

First published on 02/25/2008

Filed under: 
Filed under technology as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics