Customizable opt-in/opt-out online form prepares banks for Reg E. requirements.

• Position: T8 Webware - Brief article

A customizable online overdraft consent form and electronic submission tool to meet financial institutions' Regulation E requirements has been introduced by T8 Webware, Cedar Falls, Iowa. The company is a provider of Web development, management and hosting services for the financial industry.

The company designed a module to fully automate and simplify the consumer consent process while mitigating compliance concerns. Included is a custom homepage advertisement that links directly to a. Reg E description, as well as a sub-page with a statement from the bank explaining the options to either sign-up for or opt-out...