Learn More - Click Here!

Thread Options
#1041502 - 09/12/08 08:38 PM Reg E vs. Red Flags
Kristie Offline
New Poster
Joined: Feb 2007
Posts: 1
We have a customer who has given notice that he didn't authorize two charges on his account. His debit card was used to pay utility bills. The utility company wants a copy of the police report and an affidavit from him in order to share information about the transactions. I don't think it is fraud, but need the information from the utitliy company to prove. Can I make my customer provide me with a police report prior to jumping through the REG E hoops?

Return to Top
Operations Compliance
#1041812 - 09/14/08 09:04 PM Re: Reg E vs. Red Flags Kristie
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,598
Cape Cod
No. You have to complete your investigation whether or not your customer gives you help. All he must provide is the information describing the transaction, his account and why he thinks it's an error.

Yes, you may ask for help. No, you cannot require it. I suggest you ask the utility company if your customer was liable for either of the utility bills paid. If not, you've pretty much got the documentation you need to approve the claim.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top
#1043141 - 09/16/08 04:50 PM Re: Reg E vs. Red Flags John Burnett
C_Groat Offline
Joined: Mar 2006
Posts: 70
Salt Lake City, UT
If it was a Debit Card, I would assume it is branded by MasterCard or Visa, use the chargeback rules to your advantage by performing a chargeback, with a signed document and merchant will accept the loss or will represent you with their information to refute the chargeback. Based on the info provided on the representment doc, you can share with the cardholder to prove legitimacy or go back out with an updated cardholder letter to force the loss back to the merchant.

Return to Top

Moderator:  Andy_Z, John Burnett