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Reg E Error Resolution Fines

Question: 
What are the major causes of losses from fines or mismanagement of claims under Regulation E?
Answer: 

Significant losses from fines or mismanagement of claims can be caused by mismanagement of dispute processing. For example, in recent findings, some auditors reported that banks delayed their start of the investigative process until after the customer signed a written confirmation of an oral claim.

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Learn how this and other mistakes can be avoided and minimize financial losses.

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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