Webinar: Reg CC: Check Holds, Check 21, Remote Deposit Capture & Reg D
July 17, 2024 3:00 pm - 4:30 pm
Reg CC is the driving force that governs the way many everyday financial transactions are handled.
But don’t let its ubiquity lead to complacency! From Check 21 to check holds to remote deposit capture, and more, you need to ensure that every transaction is handled right every time. Join this impactful webinar to get expert insight and hone your skills.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- List the items subject to next-day availability
- Know the exemptions from early withdrawal penalties under Reg D
- Define electronic payments for next-day availability purposes
- Explain why items submitted via remote deposit capture are not subject to regulatory hold timeframes
- Distinguish between substitute checks and check copies provided to accountholders
WEBINAR DETAILS
Check rules span a wide range of issues, including how holds can be applied, the length of holds depending on the type of deposit, special rules that apply to checks converted to image replacement documents, new account holds, and more. In addition to learning the proper hold timeframes and your institution’s other responsibilities regarding holds, notifications, and extensions, this jam-packed program will also touch on which deposits are exempt from the hold restrictions under Reg CC. Under Check 21, your institution has to comply with certain timing and notification requirements, particularly when an accountholder makes a claim regarding a substitute check.
WHO SHOULD ATTEND?
This informative session will benefit anyone who interacts with accountholders when making deposits or inquiries, including tellers, call center employees, branch personnel, back-office staff responsible for check returns and holds, investigation staff, compliance professionals, and auditors.
TAKE-AWAY TOOLKIT
- Check hold chart
- Check 21 cheat sheet
- List of internet resources
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Mary-Lou Heighes, Compliance Plus, Inc.
Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.
Involved with financial institutions since 1989, Mary-Lou has over 30 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.