Availability of Funds and Collection of Checks (Reg CC)

The Fed is proposing to amend Reg CC to address situations where there is a dispute as to whether a check has been altered or is a forgery, and the original paper check is not available for inspection. The proposed rule would adopt a presumption of alteration for any dispute over whether the dollar amount or the payee on a substitute check or electronic check has been altered or whether the substitute check or electronic check is derived from an
original check that is a forgery. This rule is intended to provide clarity as to the burden of proof in these situations.

Comment to CUNA Staff Provide feedback here
CUNA Comment Letter 08/01/2017
Agency/Entity The Federal Reserve
Agency Comment Deadline 08/01/2017
Docket/Identifying #

Docket No. R-1564

CUNA Contact

Luke Martone