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Payroll card accounts established directly or indirectly by an employer for the purpose of electronically transferring an employee's wages, salary, or other compensation on a recurring basis, are covered by:

  1. Regulation E B.
    Regulation T C.
    Regulation CC D.
    Regulation Z

Answer(s): A



As an alternative to providing a periodic statement, a financial institution holding payroll card accounts may make available:

  1. The account balance, accessed through a readily available telephone line
  2. An electronic history of the account that covers a period of at least 60 days preceding the time the consumer electronically accesses the account
  3. A written history of account transactions, available on request that covers a period of at least 15 days preceding the date of the consumer request
  4. A written history of account transactions, available on request that covers a period of at least 30 days preceding the date of the consumer request

Answer(s): A,B



As an alternative to providing a periodic statement, a financial institution holding payroll card accounts may make available:

  1. The account balance, accessed through a readily available telephone line
  2. An electronic history of the account that covers a period of at least 60 days preceding the time the consumer electronically accesses the account
  3. A written history of account transactions, available on request that covers a period of at least 15 days preceding the date of the consumer request
  4. A written history of account transactions, available on request that covers a period of at least 30 days preceding the date of the consumer request

Answer(s): A,B



As an alternative to providing a periodic statement, a financial institution holding payroll card accounts may make available:

  1. The account balance, accessed through a readily available telephone line
  2. An electronic history of the account that covers a period of at least 60 days preceding the time the consumer electronically accesses the account
  3. A written history of account transactions, available on request that covers a period of at least 15 days preceding the date of the consumer request
  4. A written history of account transactions, available on request that covers a period of at least 30 days preceding the date of the consumer request

Answer(s): A,B






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