Reg CC – Common Compliance Issues and Best Practices

Learn how to identify red flags for elder financial abuse and review how to investigate suspected financial abuse

Wednesday, December 11, 2019 | 2:00pm – 3:30pm ET

Register Now

In 2018, the Consumer Financial Protection Bureau and the Federal Reserve Board overhauled various portions of Regulation CC to better align the Regulation to the realities of check processing in the 21st century. You should understand the nuances behind these recent changes to ensure both (1) that your check-processing program complies with the requirements, and (2) that your check processing program is modernized to take advantage of the updates.  This webinar will explain these changes, as well as subsequent updates and some Regulation CC compliance issues that credit unions should keep on their radar. 
 

Key Takeaways:

  • Review modifications to check collection and return requirements for electronic checks
  • Discuss extension of Regulation CC’s check warranties to checks collected electronically
  • Identify new warranties and indemnities related to checks collected and returned electronically as well as electronically created items
  • Learn about additional updates, including the presumption of alteration & adjustments to funds availability requirements, withdrawal exceptions, civil penalty amounts, etc.
  • Walk through the potential use of deposit holds to help combat fraud

Register Now

$295 Members | $395 Nonmembers
(Additional $50 for CD)

One registration gives your entire team access to the live webinar and on-demand recording until December 11, 2020
Already registered? Go to the Online Training Center to view.

Who Should Attend?

  • NAFCU Certified Compliance Officers (NCCOs)
  • NAFCU Certified Risk Managers (NCRMs)
  • Compliance staff
  • Risk management staff
  • Audit staff
  • Legal staff

Education Credits

  • NCCOs will receive 1.5 CEUs for participating in this webinar.
  • NCRMs will receive 1.5 CEUs for participating in this webinar.
  • CPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

Reviewer: Josie Collins, Associate Director of Education, NAFCU

Learning Objectives: Review modifications to check collection and return requirements for electronic checks. Discuss extension of Regulation CC's check warranties to checks collected electronically. Identify new warranties and indemnities related to checks collected and returned electronically as well as electronically created items. Learn about additional updates, including the presumption of alteration & adjustments to funds availability requirements, withdrawal exceptions, civil penalty amounts, etc. Walk through the potential use of deposit holds to help combat fraud. 

Program Level: Basic

Prerequisites Needed: None

Advance Preparation Needed: None

Delivery Method: Group Internet-Based

Recommended CPE Credits: 1.5 credits

Recommended Field of Study: Regulatory Ethics - Technical

NASBA Sponsor Logo

National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webinars

Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

About the Presenters

Kari K. Hall, Counsel, Buckley LLP
Kari K. Hall

Counsel, Buckley LLP

Christopher M. Walczyszyn, Associate, Buckley LLP
Christopher M. Walczyszyn

Associate, Buckley LLP