Reg CC: Presumption of Alteration, ECIs and RDC Indemnity (W)
Credit
AAP:1.2
Description
In 1989 Regulation CC implemented the Expedited Funds Availability Act, providing quicker access to funds from deposited checks. Recently we saw significant changes related to Presumption of Alteration, Electronically Created Items (ECIs) and a new Remote Deposit Capture Indemnity. Although the changes provide solutions to past warranty issues, financial institutions are tasked with understanding how these changes should be implemented and the organizational impact. Join Wespay to better understand these changes to Regulation CC.