The Board of Governors of the Federal Reserve System is proposing to amend Regulation 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. NAFCU would like to highlight the following:
Regulatory Alert: 17-EA-15: Federal Reserve System - Regulation CC - Forged or Altered Checks (member-only; login required)
Take the NAFCU Member Survey for Comments (Comments due to NAFCU by July 17, 2017)
NAFCU will send comments on behalf of its members to the Federal Reserve by their deadline (August 1, 2017).