Expedited Funds Availability Act (Reg CC) for Compliance Professionals

ABA SELF-PACED ONLINE TRAINING

Covers the basic provisions of Regulation CC, which implements the Expedited Funds Availability Act focusing on the provisions of the regulation that affect customer-contact functions. Provides an overview of the check processing system, Check 21, and remotely created checks is also included.

Objectives:

  • Explain the types of accounts covered under Reg CC and the verbiage that must be included in a hold notice
  • Identify items that are subject to next day availability and exceptions to next day availability
  • Describe the guidelines for using case-by-case holds and exception holds
  • Describe the Reg CC requirements relating to check processing
  • Identify additional requirements under Reg CC, including disclosure requirements, employee training, and record retention

Audience:  Compliance and risk management professionals including compliance managers, officers, and other team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, and auditors.

ABA Certifications: 1.0 CRCM, CAFP

Your Instructor: Thomas Healy, Chief Compliance Officer, Ally Bank, Midvale, UT

Thomas Healy is the Deputy Chief Compliance Officer at Ally Bank. Prior to Ally, he was a Compliance & Operational Risk Manager at Bank of America. Prior to his work at Bank of America, Thomas was the Compliance Officer at F&M Bank in Granite Quarry, NC. Thomas serves on the faculty and advisory boards for the ABA Compliance Schools and the editorial board for the ABA Bank Compliance magazine.

Related Training: ABA Certificate in Deposit Compliance

The New York Bankers Association is a Local ABA Training Provider.

Questions:
NYBA Professional Development at (212) 297-1679 or education@nyba.com.
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Member $275
Non-Member $375


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