We have recently converted to a new computer system. Due to the conversion, it has become necessary for our overdraft program to work correctly to place holds on non-PIN based debit card transactions.
First: Do we need to disclose the change to our customers? (I'm quite certain we do)
Second: Does Reg E have requirements for hold notification?
Third: If not Reg E, which Regulation would address holds on debit card transactions. Reg CC doesn't appear to address it.
Thanks in advance for any responses.