Vendor Launches Online Resource to Help Lenders Comply With Reg E

Wolters Kluwer Financial Services is moving to help financial institutions rapidly comply with the Federal Reserve Board's upcoming changes to Regulation E with the launch of a new online resource center. The Reg E changes require institutions like mortgage servicers for example, to gain approval from consumers before charging overdraft fees on one-time debit card or ATM transactions. Wolters Kluwer Financial Services has created an online resource center to help institutions comply with Reg E revisions that take effect July 1 for new accounts and Aug. 15 for existing ones. The company has also launched Reg E Opt-in Manager, a solution that allows institutions to expedite generation and electronic delivery of opt-in notices to consumers for consent.