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Regulation E: Complex or Simple

Question: 
Is the Regulation E Claim requirement simple to process?
Answer: 

Requirements for Regulation E are complex and require a careful analysis of claims using the correct rules to minimize bank losses. A tedious step-by-step resolution process must be followed for each claim. One small misunderstanding of the rules can lead to confusion and result in higher bank losses and an increase in regulatory deficiencies.

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FINBOA's proven end-to-end process automation is optimized for Reg E, making compliance easy while reducing costs. Four Inconsistencies That Lead to Regulation E Bank Losses.

Vendor: 

FINBOA's end-to-end process automation eliminates the need to use paper forms and multiple systems that require manual rekeying of data to stay compliant. Manual processes increase the likelihood of regulatory deficiencies, customer frustration, and require time consuming and expensive oversight. The results are delivered via a Cloud offering that reduces time to value to 2 - 4 weeks and TCO by 40%. Time saved allows financial institutions to focus on revenue generation activities. Contact us at 281-503-1233 or marketing@finboa.com. For more information: https://www.finboa.com.

First published on 11/10/2019

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