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#2164463 - 02/14/18 04:38 PM VISA changs and Reg E
danyielg Offline
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danyielg
Joined: Jun 2007
Posts: 434
OK
I'm looking for the exact language that I need to send to our existing cardholders regarding the VISA change (from gross negligent to just negligent)from April 2017. Our current vendor pricing is extremely costly for our size bank. Is this a simple document that we can create on our own? Or suggestions of vendors other banks have used?

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Operations Compliance
#2165396 - 02/21/18 11:45 PM Re: VISA changs and Reg E danyielg
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,685
Illinois
There is no "exact" language. An internet search on VISA + Gross + Negligence yielded several notices that have been published. Of course, since we are dealing with legal verbiage, any changes are best reviewed by bank counsel or you can rely on your vendor's counsel (not recommended).
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#2166031 - 02/27/18 07:03 PM Re: VISA changs and Reg E BrianC
danyielg Offline
Gold Star
danyielg
Joined: Jun 2007
Posts: 434
OK
Thanks Brian C. You're always helpful!

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