If we use a vendor program to screen loan applications and they are insured against defects, we can use them, correct?
What is one example of AI going wrong in marketing?
Will examiners be reviewing AI in exams?
What are some areas that AI will impact compliance?
How will AI help profitability and customer interactions in a small bank?
Will AI be useful in avoiding fraud and AML problems?
Do different banking platforms manage X9 files differently?
I submitted an Altered Check Claim to JPM Chase. The bank came back and denied the claim stating the check is a forgery. This is not a forgery. The signature on the checks matches all the others check paid on this account and the signature on the Affidavit submitted for the altered check. The payee and the amounts were altered. I am not sure what my next steps are to recover the funds. What are the avenues other banks have successfully used?
I am new to my role and getting several different answers to this question. Can we cash a personal check for a customer if all they have is an LLC or Corporate account? Can that account be used for recourse?
Is it legal to print a check on white stock vs. bank stock? What are requirements to be legal?