Expedited Funds Availability (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.

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: n/a

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

Credits: ICB Certifications: 1.0 CRCM, CAFP​. ABA Certificates​: This course applies to the ABA Certificate in Deposit Compliance.

Length: 40 minutes

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