[caption id="" align="alignleft" width="180" caption="Bank Sues Customer"]
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Tracy Kitten at BankInfo Security reported on this: "In another legal wrangling over liability linked to ACH and wire fraud, a bank is taking action against a former commercial customer, claiming the customer, not the bank, is liable for losses and damages, as well as legal costs. In March, BancorpSouth, a $14.3 billion bank in Mississippi, filed a counterclaim against Choice Escrow and Land Title LLC, a family-owned business based in Missouri. This week, Choice Escrow co-owner Jim Payne is being questioned in a deposition tied to the counterclaim. BankInfo Security has the whole story and background.
[/caption]Tracy Kitten at BankInfo Security reported on this: "In another legal wrangling over liability linked to ACH and wire fraud, a bank is taking action against a former commercial customer, claiming the customer, not the bank, is liable for losses and damages, as well as legal costs. In March, BancorpSouth, a $14.3 billion bank in Mississippi, filed a counterclaim against Choice Escrow and Land Title LLC, a family-owned business based in Missouri. This week, Choice Escrow co-owner Jim Payne is being questioned in a deposition tied to the counterclaim. BankInfo Security has the whole story and background.
