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Who Is Liable? Forgeries, Remotely Created/Deposited Items, Fraudulent ACH, Unauthorized Electronic Withdrawals & More Webinar

Dec 01 10:00 AM - Dec 01, 2022 11:30 AM
Dec 01, 2022 10:00 AM - 11:30 AM
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Determining liability is more than finger pointing. Being able to distinguish liability for numerous types of transactions is crucial to making an accountholder whole, detecting fraud, reducing your institution’s risk, etc. Attend this webinar and learn how your institution fits into the mix when liability is in question.

Learning Objectives

  • Distinguish which party is liable in each type of account fraud situation
  • Determine when your institution must reimburse the accountholder
  • Explain what your institution can and can’t require of accountholders when investigating fraud
  • Understand your institution’s liability for forgeries
  • Distinguish between the liabilities of the ODFI and the RDFI for ACH fraud
  • Explain what constitutes an unauthorized electronic withdrawal

Account fraud has caused staggering losses to financial institutions and losses continue to rise. Your institution’s liability for forged checks, ACH fraud, remotely created and deposited items, and unauthorized electronic items varies depending on the type of fraud, how it occurred, and whether it was a consumer or commercial account. The multitude of applicable laws is mindboggling! This webinar will explain which law applies in each type of account fraud situation, explain your institution’s liability, and what can be done to reduce risk.



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
  • Operations
  • Lending & Collections
  • Fraud, Security & Technology
  • Compliance