Reg E Changes Pose Tech Challenges

April 2010
Bank Technology News;Apr2010, Vol. 23 Issue 4, p1
Trade Publication
The article reports on various issues facing Reg E, an electronic fund trasfer system of the banking industry in the U.S. It cites the banking operations of Bank of America Corp. and Citigroup Inc. wherein both ignored the use of fee-based overdraft protection to debit card users who exceed their available balance. It also discusses the banking operation of MidSouth Bank that blunts the effect of Reg E challenges.


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