Funds Availability Policy disclosures. Next-day availability. Banking days, Business Days. New account, case-by-case, and exception holds. Hold notices. Definitions from (a) to (hhh). A regulation with some provisions that have been outdated and unnecessary since 2010! Is it any wonder that bankers hate Regulation CC?
Yet you still need to know your bank’s Funds Availability Disclosures are correct, and that new accounts are correctly identified. You need to know that the holds the bank places on customer deposits are within the limits in the rules, and that depositors are correctly notified of those holds.
This 90-minute webinar will focus on what you need to know to help keep your bank in compliance with the Funds Availability and Disclosure requirements of Regulation CC, avoiding all the “trash” in the regulation that can, and should, be ignored.
WHO SHOULD ATTEND:
Compliance and auditing staff, teller supervisors, new accounts personnel, deposit operations
John Burnett is a 1979 alumnus of the ABA National Compliance School, and served on its faculty for several years. He graduated with honors with the Class of 1990 from ABA's Stonier Graduate School of Banking, and is also a graduate of the BAIs and the Massachusetts Banker Associations Schools of Banking.John began his banking career in high school when he started as a teller at a $15 million bank that didn't have account numbers for its checking accounts (he says they actually filed by signature!) He joined Cape Cod Bank and Trust Company in 1971 and assumed the position of Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company. John joined Glia Group, Inc. and the BankersOnline.com team in June, 2004. He is a frequent presenter of BOL Learning Connect webinars, and at BOL Conferences events.He was a member of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and a former member of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He served on ABA's Truth in Savings Task Force as Regulation DD was being written, and has served on several ABA and Massachusetts Bankers seminar panels.