On a Reg E Dispute, does anyone currently hold the cardholder liable for the amounts allowed in Reg E? Example: Monday - Card Stolen - $75 ATM w/d Tuesday - Consumer learns of card theft - $25 POS Wednesday - Consumer reports theft of card to FI *In this scenario the consumer could be liable for a max of $50. Is your FI currently netting out these amounts to be credited to your cardholder?
#2232502 - 03/06/2012:15 PMRe: Reg E Disputes and Cardholder Liability lbbanker
burkemi
Platinum Poster
Joined: Nov 2013
Posts: 549
Most of our disputes fall under Visa's $0 fraud liability. But, in the circumstances you described above, we do withhold the maximum liability allowed by the Reg.
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