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Course description

Regulation CC amendments affecting your bank have been finalized. One set of minor changes will be effective 60 days after the amendments are published in the Federal Register. The more significant changes are inflation adjustments to several dollar amounts that will require changes in your bank’s procedures, retraining of tellers and others who place deposit holds, and updates to some software systems.

The significant changes affect the dollar amount of holds placed on customer deposits to adjust for inflation. Because these changes require changes in some software systems and procedures for placing holds on customer deposits, your bank will need to plan training sessions and work with software vendors to make any needed updates to your systems that create or release holds. And these changes will require updating your account disclosures and notifying all your transaction account deposit customers.  All of that will require lead-time and change-management to meet a July 1, 2020, compliance deadline.

This special one-hour update program will cover these topics:

  • The minor Reg CC changes that will be effective in late Summer, 2019
  • Non-substantive changes to Regulation DD (Truth in Savings)
  • The Reg CC dollar amounts that will be changed
  • Plans for future inflation adjustments
  • Required disclosure changes
  • Notifying depositors of the changes
  • Required training issues
  • Potential software issues
  • Other


Compliance officers, auditing staff, Operations managers, Training staff, Frontline supervisors, software providers, others involved in deposit holds management.


John Burnett

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 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.

Course curriculum

  • 1


    • Reg CC Amendments—a Briefing

  • 2


    • Reg CC Amendments Materials

    • Reg CC Amendments - Slides

    • Attendance Sheet

    • Questions and Answers