Demarcus has never been good at managing money. He was born wealthy and does not feel the need to monitor his bank statements. As Demarcus is sitting down with a financial planner at year-end in December 2021, they notice some fraudulent charges on a credit card from January 2021. Demarcus checks and he has the card in his wallet. He immediately calls his bank. What is the bank legally obligated to do?

Answer rating: 100% (QA)

Heres what the bank is legally obligated to do in Demarcus situation based on general financial regu... View the full answer