Because we are not customers of UMB, Fidelity is their customer and we are Fidelity's customer. Fidelity is not part of the Fed Reserve, not an FDIC member and not subject to their regulations.If Fidelity is using a bank (UMB Bank in this case), how is it not subject to Reg CC?If a 16 business day hold is a problem, then deposit your check somewhere that is subject to Regulation CC compliance.
Statistics: Posted by volstagg — Fri Dec 20, 2024 12:59 pm — Replies 7486 — Views 1459562