Rules & Regulations Flashcards
Electronic federal tax payments
31 CFR part 203
Similar to EDI code 813 for Electronic File tax returns (Fed) Gov u know!
Requires individuals to elect an EFT option for the receipt of federal benefit payments.
31 CFR part 208!
Disaster victims
Federal Government Participation in the Automated Clearing House
31 CFR part 210
Electronic Transactions and Funds Transfers Relating to United States Securities
31 CFR part 370
Federal law designed to enable banks to handle more checks electronically.
Check 21
Addressed concerns in banking regulation that stemmed from the financial crisis of 2008
Dodd-Frank Act
Facilitated the use of electronic records and electronic signatures in interstate and foreign commerce by ensuring the validity and legal effect of contracts entered into electronically.
E-Sign Act
Account Relationships
Fed Circular No. 1
Collection of cash items and returned checks
Fed Circular No. 3
Checks
Automated clearing house items
Fed Circular No. 4
ACH Clearing House
Electronic Access
Fed Circular No. 5
Funds transfers through Fedwire funds service.
Fed Circular No. 6
Book Entry Securities account maintenance and Transfer services
Fed Circular No. 7
Required FIs to protect and identify nonpublic personal information (NPPI) practices and safeguard sensitive data.
Gramm-Leach-Bliley Act
Guide for FIs that receive ACH Payments from and send payments to the federal government
The Green Book
State laws governing the negotiation and collection of checks and wholesale credits
UCC 3, 4, 4A
Protects against unfair, abusive or deceptive banking practices
UDAAP
Reserve requirements, defines transaction and non transaction accounts. (For Deposit Accounts)
Regulation D
Electronic Funds Transfers
Regulation E
Wires, Check collection through the Federal Reserve
Regulation J
Collection of Checks and Funds Availability
Regulation CC
Federal Deposit Insurance Corporation
FDIC
Who created the green book?
The US Department of Treasury, Bureau of Fiscal Service
The law also provides common-sense protections for American families, creating new consumer watchdog to prevent mortgage companies and pay-day lenders from exploiting consumers.
Dodd Frank Act
contains the terms for opening, maintaining, and terminating a master account with a Federal Reserve Bank, as well as general provisions regarding Reserve Bank services applicable to institutions whether or not they maintain a Reserve Bank account.
Fed Circular No. 1
includes the terms under which an institution may access certain services and applications provided by a Federal Reserve Bank and under which an institution may send certain data to or receive certain data from a Federal Reserve Bank, in each case, by means of an electronic connection.
Fed Circular No. 5
Extensions of credit by Federal Reserve Banks
Regulation A
Issue and Cancellation of federal reserve capital stock
Regulation i
