Can debit cards be issued to the owner of a political campaign account? If so, are there any special rules to follow?
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.
Can you please clarify the bank's responsibility and liability regarding Reg E compliance and MasterCard Zero liability related to business debit cards?
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.
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?
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?
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?
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?
We continually receive disputes involving minor children (under age 18) who have purchased a product on the internet using their parents debit card number for payment. The parent files a claim for unauthorized transaction. Obviously, they refuse to get a police report as we normally require to continue the investigation. The parent tells us the child made the transaction, but they (the parents) did not authorize it. Can the fact that the parents are responsible for actions of minor children living in their house and using their equipment be our defense for denying the claim?
If a debit card is issued to a representative payee and the rep payee allows the protected person to use the debit card will the bank be liable for this use should a disagreement between the two parties arise over withdrawals?