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Mobile banking and multiple deposits

Question: 
Has the Fed’s new rule done anything about using mobile deposits to “double deposit” a check?
Answer: 

The bank that accepts a paper check for deposit may be indemnified by a bank that earlier accepted a remote-image-capture of the same check under certain circumstances.

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Learn more about John Burnett’s webinar
Regulation CC – FINALLY a Final Rule!

First published on 07/16/2017

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