Who Investigates Your Reg E Claims?

Posted By: Bankwoman1

Who Investigates Your Reg E Claims? - 09/08/20 02:14 PM

I'm just curious how and who handles Reg E investigations at other FI's? We currently have our eBranch manager & assistant manager investigating them along with all of their other duties which includes taking phone calls throughout the day. Our eBranch stays very busy and I know they struggle staying on top of the number of claims we get every day. Does anyone have one specific full time employee who handles these claims/investigations as their only job? Do you have a certain department that handles them? While our eBranch does a fantastic job at handling the investigations, I know it is a burden with all they have to do and just wondering if we should look at suggesting a move to a different department. Just curious what other FI's do.

Thanks!
Posted By: P*Q

Re: Who Investigates Your Reg E Claims? - 09/08/20 03:48 PM

Our Deposit Ops department handles them. One employee and a back up who is trained if she is out. Totally an OPS function IMO
Posted By: Skittles

Re: Who Investigates Your Reg E Claims? - 09/08/20 04:14 PM

Ditto what PQ said
Posted By: Bankwoman1

Re: Who Investigates Your Reg E Claims? - 09/08/20 07:01 PM

Thank you both for your responses!