Most Popular Compliance Content
Acct. Requiring 2 Signatures (ACH)
09/26/2021
When an account requires two signatures to be present before the check is honored, how can the bank verify or allow an account like this to have ACH debit transactions or checks that have been converted into an ACH transaction? The bank does not want to be held liable for something like this if the two signatures are not available to verify.
Reg E Statute of Limitations
09/26/2021
Is there a limit on a consumer submitting an unauthorized transaction? I was told it's two years now?
Reg E Statute of Limitations on Claims
09/26/2021
How far back can a cardholder report unauthorized activity?
Internet Gambling Site Exemption UIGEA
09/19/2021
I have a customer that appears to be processing personal transactions through his business account with FanDuel internet gambling site. FanDuel operates under a specific exemption written into the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) that allows for fantasy sports contests. Am I correct in thinking that the use of FanDuel is not a violation of Reg GG? Also, is conducting personal transactions through a business account SARable?
Reg E Scam Claims
09/19/2021
If a consumer is scammed and instructed to purchase gifts cards and give the scammer the card information, is this covered under Reg E?
