Deposit Reg Series

Regulation CC is part of daily life at every financial institution. Do you know the three main parts? What about check holds, disclosures, and remote deposit? Are there gray areas? For smooth sailing, ensure your Reg CC skills and knowledge are “shipshape” with this thorough, expert training!

Regulation DD is the first stab at deposit fairness in the financial industry. It governs the payment of interest and disclosures of products, fees, interest, and APY for consumer accounts. This right-to-shop regulation enables consumers to compare products fairly from institution to institution. Learn about new account disclosures, change-in-terms disclosures, calculation and payment of interest, and overdraft requirements.

Regulation E governs debits and credits to accounts by electronic means. It also includes error resolution, overdrafts, foreign remittances, and other increasingly complex issues. Learn how your accountholders can stop payment, file an error resolution request, and receive credit for unauthorized transactions. This has become a very important regulation now that accountholders have moved toward electronic payments and criminals are trying to hack personal identifying information. Also, while an unlikely pairing, overdraft opt-ins are also in Regulation E and have caused havoc when handled improperly.

This program will look at three regulations that have had a great impact on the banking industry. The Regulation D section will address the difference between transaction and non-transaction accounts, product requirements, and what has happened to reserve requirements. The Regulation P piece will cover privacy policy disclosure requirements and how accountholders can opt out. And finally, your responsibilities for unlawful internet gambling (Regulation GG) will be explained. You will be provided with questions to ask when opening new accounts for business accountholders.