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- Nevada Bench Trial Applies UCC in Allocating Loss Between Hacked Seller and Duped Buyer
- Salvatore Scanio’s Article on the NAIC Insurance Data Security Model Law Published by ABA’s Cybersecurity and Data Privacy Committee
- New York Court Rejects Cut Down of UCC Art. 4A’s 1-Year Notice Rule for Unauthorized Funds Transfers
- FinCEN Advisory Highlights Cybercriminals Exploiting COVID-19 Pandemic for Funds Transfer Fraud
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Tag Archives: Bank Notice
New York Court Rejects Cut Down of UCC Art. 4A’s 1-Year Notice Rule for Unauthorized Funds Transfers
In a recent unpublished New York opinion, the court found a bank’s 60-day notice provision in its Account Terms and Conditions for reporting unauthorized funds transfers to be unenforceable. Cardino v. J.P. Morgan Chase Bank, N.A, 2020 N.Y. Misc. LEXIS … Continue reading
Posted in BANKING & FINANCE, CORPORATE, INSURANCE, LITIGATION
Tagged Account Terms and Conditions, Bank Contract, Bank Liability, Bank Notice, Bank-Customer Agreement, Cybercrime, Cybersecurity, Funds Transfer Fraud, Notice Cut-Down, Salvatore Scanio, Statute of Repose, UCC Article 4A, Unauthorized Transfer, Uniform Commercial Code, Wire Transfer Fraud
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