Increased check fraud continues to be an issue with financial institutions regardless of their size and financial institutions continue to struggle with how to effectively handle check fraud claims. The most common check fraud are forgeries, fraudulent endorsements, counterfeit checks and remotely created checks.
This check fraud webinar will cover each type of check fraud, take attendees through the return requirements and the adjustment process under the Federal Reserve Bank Operating Circular and Electronic Check Clearing House Organization (ECCHO) Rules, and provide clarity on the warranties and liabilities of the Bank of Deposit and Paying Bank. This webinar will also provide the financial institution with the most effective tools and methods used to mitigate your risks associated with check fraud events and how to effectively work through check fraud from identification to recovery.
NOTE! As part of this important and timely check webinar, it will also cover the finalized amendments associated with Regulation CC published by Fed and CFPB last year and due for implementation July 1, 2020.