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Reg E Error Resolution Fines

Question: 
What are the reasons causing major losses from fines for mismanagement of claims?
Answer: 

Major losses from fines for mismanagement of claims result from banks' dispute processing. In recent findings, some auditors reported that banks waited to start the investigative process until after the customer signed their claims. Learn how this and other mistakes can be avoided to minimize financial losses.

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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 02/09/2020

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