Latest Operations - Reg. V Topics

A telecommunications device for the deaf (TDD) has been installed at the Dominion Bank in Nashville. It includes a computer terminal, a typewriter and a telephone.

In some Las Vegas hotels, you can now use your remote control and your TV screen in your room and make a cash advance on your credit card.

In an article in the American Banker May 8,1990, Ann Richards, Treasurer for the state of Texas, talked about how things were done before she instituted electronic funds capability.

"Reg E" from the Federal Reserve Board limits liability for unauthorized withdrawal to $50 if the institution is notified within two days of a lost or stolen card.

One of the predictions of banking in the future is "Banks on wheels". The driver will be the teller, and will make regular stops at shopping malls, retirement communities, remote areas, etc.