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What Is Reg D Super Abuser Rule?

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Question: 
What is the Super Abuser rule as it pertains to Regulation D?
Answer: 

Never heard of it referred to in that manner before, but the Fed has opined that if someone is abusing the transaction limitations on their savings account in a manner that is not inadvertent, the financial institution should take immediate action to transfer or close the account and not apply the normal three strikes rule.

First published on BankersOnline.com 3/11/13

First published on 03/11/2013

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