Regulation E

Updated May 17, 2026

Regulation E, codified at 12 CFR Part 1005, implements the Electronic Fund Transfer Act (EFTA). It establishes the rights, liabilities, and responsibilities of consumers and financial institutions involved in electronic fund transfers (EFTs).

Key areas covered by Regulation E include:

• Disclosure Requirements: Mandates specific disclosures for EFT services.
• Error Resolution: Outlines procedures for consumers to report and resolve errors related to EFTs.
• Limited Liability: Limits a consumer's liability for unauthorized EFTs.
• Prepaid Accounts: In 2016, Regulation E was amended, in conjunction with Regulation Z, to extend protections to prepaid accounts, including tailored provisions for disclosures, limited liability, error resolution, and periodic statements. This also expanded the definition of "credit card" in Regulation Z to include "hybrid prepaid-credit cards."