Rules & Regulations

Question 1

Electronic federal tax payments

Answer 1

31 CFR part 203
Similar to EDI code 813 for Electronic File tax returns (Fed) Gov u know!

Question 2

Requires individuals to elect an EFT option for the receipt of federal benefit payments.

Answer 2

31 CFR part 208!
Disaster victims

Question 3

Federal Government Participation in the Automated Clearing House

Answer 3

31 CFR part 210

Question 4

Electronic Transactions and Funds Transfers Relating to United States Securities

Answer 4

31 CFR part 370

Question 5

Federal law designed to enable banks to handle more checks electronically.

Answer 5

Check 21

Question 6

Addressed concerns in banking regulation that stemmed from the financial crisis of 2008

Answer 6

Dodd-Frank Act

Question 7

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.

Answer 7

E-Sign Act

Question 8

Account Relationships

Answer 8

Fed Circular No. 1

Question 9

Collection of cash items and returned checks

Answer 9

Fed Circular No. 3
Checks

Question 10

Automated clearing house items

Answer 10

Fed Circular No. 4
ACH Clearing House

Question 11

Electronic Access

Answer 11

Fed Circular No. 5

Question 12

Funds transfers through Fedwire funds service.

Answer 12

Fed Circular No. 6

Question 13

Book Entry Securities account maintenance and Transfer services

Answer 13

Fed Circular No. 7

Question 14

Required FIs to protect and identify nonpublic personal information (NPPI) practices and safeguard sensitive data.

Answer 14

Gramm-Leach-Bliley Act

Question 15

Guide for FIs that receive ACH Payments from and send payments to the federal government

Answer 15

The Green Book

Question 16

State laws governing the negotiation and collection of checks and wholesale credits

Answer 16

UCC 3, 4, 4A

Question 17

Protects against unfair, abusive or deceptive banking practices

Answer 17

UDAAP

Question 18

Reserve requirements, defines transaction and non transaction accounts. (For Deposit Accounts)

Answer 18

Regulation D

Question 19

Electronic Funds Transfers

Answer 19

Regulation E

Question 20

Wires, Check collection through the Federal Reserve

Answer 20

Regulation J

Question 21

Collection of Checks and Funds Availability

Answer 21

Regulation CC

Question 22

Federal Deposit Insurance Corporation

Answer 22

FDIC

Question 23

Who created the green book?

Answer 23

The US Department of Treasury, Bureau of Fiscal Service

Question 24

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.

Answer 24

Dodd Frank Act

Question 25

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.

Answer 25

Fed Circular No. 1

Question 26

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.

Answer 26

Fed Circular No. 5

Question 27

Extensions of credit by Federal Reserve Banks

Answer 27

Regulation A

Question 28

Issue and Cancellation of federal reserve capital stock

Answer 28

Regulation i