Expedited Funds Availability Act (Reg CC) for Compliance Professionals

Course Number: ABA

Course Code: ABA

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.

Updated: September 2018

What You’ll Learn
After completing this course, students will be able to:

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 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.?

Prerequisites: None

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Member Price: $275.00
Non-Member Price: $375.00
Textbook Charge: $0.00

Credits: 1.0 CRCM, CAFP

Length: 40 minutes

ABA Training