How does Canarie help with Reg E compliance?

Canarie creates workflows for error resolution tracking with deadline management, disclosure reviews, and unauthorized transaction procedures.

12 CFR Part 1005

Reg E Compliance Execution for BaaS Platforms

Regulation E governs electronic fund transfers and provides consumer protections. Canarie helps you execute Reg E compliance through automated workflows for error resolution, disclosure management, and unauthorized transaction procedures. Specifically tailored for the compliance requirements of baas platforms.

More for BaaS Platforms

Key Requirements

Error resolution procedures (10-45 day timelines)

Initial and change-in-terms disclosures

Periodic statement requirements

Unauthorized transfer liability limits

Preauthorized transfer rules

Remittance transfer requirements

BaaS Platforms Compliance Challenges

Oversight of multiple fintech partners

Demonstrating partner compliance to examiners

Scaling oversight with partner growth

Managing third-party risk at scale

Consistent compliance standards

How Canarie Helps BaaS Platforms

Automated Workflows

Recurring Reg E Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Actual damages

Statutory damages $100-$1,000

Class action damages up to $500,000

Attorney fees and costs

Frequently Asked Questions

Other Regulations for BaaS Platforms

31 CFR Chapter X

BSA/AML Compliance Execution

Execute BSA/AML compliance with automated workflows for customer due diligence, transaction monitoring, and suspicious activity reporting.

12 CFR Part 1026

TILA/Reg Z Compliance Execution

Execute Truth in Lending compliance with workflows for disclosure accuracy, APR calculations, and periodic statement requirements.

12 CFR Part 1002

ECOA/Reg B Compliance Execution

Execute fair lending compliance with workflows for monitoring, exception tracking, and adverse action notice requirements.

Automate Reg E Compliance Execution for Your BaaS Platform

See how baas platforms execute compliance with confidence.