Rules/Regs/Agencies

Question 1

A service mark and set of operating rules which set forth requirements for distribution of government benefits.

Answer 1

QUEST

Question 2

The committee which laid the groundwork for the ACH

Answer 2

SCOPE

Question 3

What regulatory guidance addresses the risks and mitigation practices for RDC?

Answer 3

FFIEC guidance

Question 4

Body of Statute Law addressing payment order and funds transferred

Answer 4

UCC 4A

Question 5

Reg that covers ARC, POP, BOC, but not RCK

Answer 5

Reg E

Question 6

Reg that governs RCK

Answer 6

UCC 4

Question 7

What Rules/Reg requires the RDFI to post entries based on the account number

Answer 7

NACHA

Question 8

What reg governs Electronic & Paperless Deposits and Payment of Federal Taxes

Answer 8

31 CFR 203

Question 9

Governs Clearing and Settlement of ACH Transactions

Answer 9

OC 4

Question 10

What Reg explains procedures for interbank systems of collecting checks and wire transfers

Answer 10

Reg J

Question 11

Governs Commercial Reclamations

Answer 11

NACHA

Question 12

What reg governs ACH transfers related to US Securities

Answer 12

31 CFR 320

Question 13

Alerts National Banks of risks associated with large dollar payments systems & systemic risk

Answer 13

OCC 235

Question 14

Provides info on purpose of FI responsibilities related to FOMF

Answer 14

Greenbook

Question 15

Who created the ACH Network?

Answer 15

SCOPE

Question 16

Who is the delegated administrator of BSA?

Answer 16

FinCEN

Question 17

Reg E, Sublart B is under the jurisdiction of:

Answer 17

CFPB & FRB

Question 18

EFT mandate year

Answer 18

1996