CFPB issues FAQs on escrow accounts, Regulation E

The Consumer Financial Protection Bureau (CFPB) recently issued sets of frequently asked questions on Electronic Fund Transfer Act and Regulation E requirements, as well as servicing escrow accounts under Regulation X.

The Regulation E FAQs address situations in which a consumer is fraudulently induced by a third party to provide their account information or private network rules conflict with the regulation, among others.

The Regulation X FAQs are broken down into four categories:

  • General;
  • Escrow account analysis;

 

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