Are there any box access requirements that a renter must follow?
We have seen customers commit fraud by using remote deposit capture to deposit the same check at multiple banks, by using the same image of the check front but different check backs in order to use multiple restrictive endorsements. Under Reg CC or the UCC, what is the best way to argue against another bank that their claim is legitimate and ours isn’t? Both banks have an image with their restrictive endorsement, and theoretically the captures could have been made within a short amount of time. How can we defend ourselves from being left holding the bag?
If a customer has in IRA Certificate of Deposit and makes withdrawals within six days of one another, is this a Reg D violation unless a minimum seven day interest penalty is assessed? Is there different treatment if the customer is more or less than 59 1/2? Prior responses on this site are somewhat contradictory: Q&A - "Limit of Distributions on IRA accounts" and "IRA Client CD Deposit-Exception to Penalty (Reg D)" both answered by Randy Carey. In the first he states "Any withdrawals within six days of one another would require an automatic seven day interest penalty under Reg D." There is no differentiation based on age in the response. In the second he states "Any withdrawal from an IRA is exempt once the person reaches 59 1/2"." Which really applies?
Does UDAAP apply to just consumers, or all customers?
Is the financial institution required to accept a Reg E Claim for a customer who states that he/she purchased a gift card and later finds out it was a scam? The customer has already contacted the merchant and the merchant has blocked further usage of the gift card and has notified our customer that they will credit her the funds that were not used but they will not credit her for the funds that have been used. The bank is not responsible for submitting a claim to the merchant for those funds, correct? In this case, the customer is responsible for the amount that was used by the scammer? Example: Customer purchased a $300 Amazon Gift card, finds out it was a scam, contacts Amazon, Amazon notifies him that $100 has already been used but they have blocked the card and will issue him credit for $200, and now the customer wants to file a claim to get the $100 back.