When much of Regulation CC was written, depositary banks, clearing banks, paying banks and returning banks were still working with paper checks. Today, decades later, very few checks are sent to, or returned by, paying banks in paper form – almost all of that work is done electronically, using images of original checks.
The old Reg CC rules on check collection and return were changed to deal with that new reality when Subpart C of the regulation was heavily modified in 2018. Those amendments were also designed to make it more attractive for any “hold-outs” to move away from paper items to embrace electronic presentment and returns.
This 90-minute webinar will focus on the aspects of Subpart C of the regulation affecting check collection and returns, and the warranty and indemnity provisions involved.
WHO SHOULD ATTEND:
Deposit operations, auditors and compliance officers