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Fraud Channels: Check & Debit Card

Sep 12 2:00 PM - Sep 12, 2022 3:30 PM
Sep 12, 2022 2:00 PM - 3:30 PM
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Check and debit card fraud can manifest in multiple and creative ways. When fraud occurs, what can be required of the consumer? Who is liable? Do you understand the related UCC and Reg E rules and know which is which in which situation? Learn how to stay incompliance and also protect your institution from loss.

Learning Objectives

  • Distinguish which party is liable for all types of check and debit card fraud
  • Calculate your institution’s liability under the UCC for check fraud
  • Determine your institution’s liability under Reg E depending on whether a debit card or other access device was used
  • Explain what constitutes an unauthorized debit card transaction under Reg E
  • Understand what your institution can and can’t require of an accountholder when investigating check and debit card fraud

Check fraud and debit card fraud have increased tremendously and with staggering losses to financial institutions. Your institution’s liability will vary depending on the type of transaction, how the fraud occurred, and whether it was a consumer or business account. Was it a forged maker’s signature, a forged endorsement, a counterfeit check, an altered check, an electronically converted check, a fraudulent debit card transaction, a counterfeit debit card, or a card-not-present transaction? The numerous rules under the Uniform Commercial Code and Regulation E are mindboggling. How do you determine which rule applies in your situation? This webinar will explain which law applies in each type of situation involving check fraud and debit card fraud. This webinar will also explain your institution’s liability in these situations and what it can do to protect itself from liability.



Elizabeth Fast, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. 




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Member Service
  • Fraud, Security & Technology
  • Compliance