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Reg E Overdraft Charges and Unauthorized Trans.

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Question: 
I understand that Reg E requires the bank to refund any overdraft fees associated with an unauthorized debit card transaction. Does this also include customer disputes via the merchant if they have also disputed with the bank?
Answer: 

No. If the claim is not a Regulation E-covered claim, but you have to handle it under your Visa or MasterCard agreement, you aren't obligated to refund related fees, in my opinion.

First published on BankersOnline.com 4/9/12

First published on 04/09/2012

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