Regulatory Compliance

Looking for a partner who understands compliance?

CSI is a trusted advisor in the regtech industry, providing regulatory compliance software and services to thousands of customers worldwide. Our solutions help keep your business compliant with today’s top federal regulations, including OFAC, USA PATRIOT Act, FinCEN, Gramm-Leach-Bliley Act, BSA AML and many more.

Reg E Compliance

Since 1978, when Congress passed the Electronic Fund Transfers Act (EFTA)—better known as Regulation E (Reg E)—financial institutions have been responsible for properly investigating consumer claims of electronic fund transfer (EFT) errors. Those investigations must follow very specific error resolution procedures.

At the time Reg E was enacted, paper-based payments far outnumbered electronic fund transfer (EFT) payments. Today, the exact opposite is true. The rise in EFTs has been accompanied by a parallel rise in EFT error claims, making Reg E claims that much more common and difficult for financial institutions to resolve.

How to Remain Reg E Compliant

Complying with EFT regulations requires financial institutions and their employees to recognize the following milestones and proceed accordingly with each Reg E dispute:

  • When the official notice of a claim has occurred so that it can be investigated and resolved within the Reg E specified time period
  • When to issue provisional credit to the customer during an investigation
  • When to debit the customer’s account if the investigation shows that no error occurred
  • When and how the customer should be notified throughout the investigation

Simplify Reg E Compliance at Your Institution

Minimize your losses and streamline Reg E compliance for your employees with CSI’s WatchDOG Reg E compliance software.

As we need to make changes to our internal systems and as we expand our capabilities—now that we’re working with one provider, the familiarity is there, and it’s a lot easier to make decisions on any changes that need to happen internally … To be working with one partner that can provide you with global solutions makes everything a lot easier as you’re working to expand. We couldn’t be happier.

Erik Brazzo
Blackhawk Network, Vice President of Risk Management

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Are you looking for the edge to outperform the competition? CSI is a full-service technology and compliance partner.

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