09/08/2008
What are the rules regarding sending unsolicited debit cards? Are we allowed to send existing customers unsolicited debit cards and if so, what disclosures are required?
09/08/2008
I have a customer that opened three accounts, one for each of her children as they receive Social Security direct deposit benefits. The mother is the signer on each account and the individual child was added as an owner only because they are only nine, eleven and seventeen years of age. The mother wants debit cards in the children’s names so she can keep the account straight as to where she is pulling the money from. Can we issue debit cards to a minor and if so, would the mother have the legal right to use them? How would it be handled if the child’s card was used and they wanted to dispute the transaction?
08/18/2008
Can debit cards be issued to the owner of a political campaign account? If so, are there any special rules to follow?
08/11/2008
We use CHEX system to offer packages of services including debit cards. Lately after offering a debit card to a particular customer, we have received notice from CHEX of recent negative activity. What is our time frame for closing or revoking the newly offered debit card? Since it's based on outside information, I'm thinking a FCRA adverse actions would apply. I'm still confused about if we are able to do this since the original debit card offer was made.
08/11/2008
Can you please clarify the bank's responsibility and liability regarding Reg E compliance and MasterCard Zero liability related to business debit cards?
06/02/2008
Are there any regulations or laws out there that deal with giving a debit card to a foreigner without a social security number? I am having trouble getting started.
03/10/2008
We are starting a business debit card program. While working on our disclosures we have come across something we're not sure how to address: business customers who request to have personal accounts linked to their business debit cards. Is this a permissible practice, and what are some liabilities facing us in such a situation?
03/10/2008
I heard that there are new rules being put into place that will restrict gambling transactions on debit cards. Do you have a reference to this subject?
02/25/2008
I'm a banking newbie and I need to know if debit card transactions are considered EFT transactions. Is Reg E what determines consumer liability for fraudulent debit card transactions?
02/25/2008
If a financial institution supplies Visa debit cards to customers and uses the Visa network, according to Visa the card holder has no liability for a fraudulent transaction unless it is PIN based, so would consumer liability be determined by Reg E or Visa? If Reg E overrules Visa guidelines in determining consumer liability how can Visa advertise zero consumer liability?