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 Neobanks

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 neobanks.

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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

Neobanks Compliance Challenges

Meeting sponsor bank compliance requirements

Building compliance credibility

Scaling compliance with user growth

Preparing for potential direct regulation

Managing third-party risk

How Canarie Helps Neobanks

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 Neobanks

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 Neobank

See how neobanks execute compliance with confidence.