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Incorrect Consumer Claims can Cause Regulatory Deficiency as per Reg E Rules

What causes banks to deny Reg E error claims? And is it correct practice?

Banks routinely deny claims that are over 60 days old, even though Reg E rules require banks to treat disputes like they just happened. This causes a regulatory deficiency for the bank as consumers get paid less than what they are due under Regulation E.


First published on 11/10/2019

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