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Incorrect Reg E Claim Denials

Question: 
Can a Reg E Claim over 60 days old be processed?
Answer: 

Even if the claim is too late to be covered by the error resolution rules, Reg E rules still require unauthorized EFT claims to be investigated and refunds of unauthorized amounts that are over 60 days old to be made if they occurred within 60 days from the statement showing the first unauthorized transaction.

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Vendor: 

FINBOA's end-to-end process automation eliminates the need to use paper forms and multiple systems that require manual rekeying of data to stay compliant. Manual processes increase the likelihood of regulatory deficiencies, customer frustration, and require time consuming and expensive oversight. The results are delivered via a Cloud offering that reduces time to value to 2 - 4 weeks and TCO by 40%. Time saved allows financial institutions to focus on revenue generation activities. Contact us at 281-503-1233 or marketing@finboa.com. For more information: https://www.finboa.com.

First published on 12/29/2019

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