Tuesday, March 9, 2021
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)
On July 1, 2020, a few amendments to Regulation CC will become effective that will have a major impact on how check holds are placed in your organization. Threshold amounts that relate to funds availability have been increased for inflation. For example, the amount of funds that must be made available the next business day for case-by-case holds is increasing from $200 to $225. In addition, the threshold (above) for which a large deposit hold can be placed is increasing from $5,000 to $5,525. While these adjustments appear simple, financial institutions continue to see errors on the front line based on this change. This compliance webinar is designed to assist the front line in understanding the funds availability holds and how to effectively handle these holds.
This branch training is a great webinar for front line teams and for compliance teams to use as a train the trainer presentation.
- Review of Regulation CC changes
- Front line challenges with Regulation CC changes
- Best business practices for effectively incorporating these changes on the front line
Who Should Attend?
- Branch Management
- Client facing teams
- Deposit Operations
- Fraud Management
- BSA/AML Officers and Support Staff
- Customer Service Representatives/Tellers
- Call Centers
- Treasury Management
- Risk Management
- Internal Audit
- Executive Management
Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), a service organization providing payments industry education, auditing, consulting, resources, and support services to financial organizations throughout the country. Prior to her work at PIC, Terri also served as the President of GACHA, a non-profit, regional payments association where she provided strategic direction for financial institutions in the payments industry. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District.
1.0 CPE Credits & 1.2 AAP Credits