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Updated Requirements For Funds Availability (Details Of Regulation CC)

Michael R. Christians
Updated Requirements For Funds Availability (Details Of Regulation CC)
FormatSelf-Paced | On-Demand
Sessions1
Per session60 Minutes
CertificateIncluded

When Are Deposited Funds Available? Discover Regulation CC Updates for Expedited Funds Availability.

The Expedited Funds Availability Act regulates how financial institutions may use deposit account holds. Implemented by Regulation CC, this law standardizes the length of time banks and credit unions may hold deposited funds.

Effective July 1, 2020, the amounts associated with the next-day availability of deposits and certain exception holds were updated. You need a clear understanding of the current requirements to remain in compliance.

Leading attorney and compliance expert Michael Christians will demystify Regulation CC and detail the latest updates. You will learn when financial institutions must make funds available to depositors and how to use exceptions to these rules effectively to protect your institution.
What We'll Cover

Course Outline

  • When must funds be made available the next day?
  • What are the general availability rules for all types of deposits?
  • How should you use exception holds?
  • What are the initial and subsequent disclosure requirements?

Meet the Expert

Michael R. Christians

Michael R. Christians

Michael Christians, the principal of Michael Christians Consulting, LLC, assists financial institutions and organizations across the country by ensuring their compliance programs conform to federal laws and regulations. Michael has more than two decades of experience in the financial services industry, with a primary focus on consumer compliance. He obtained his Juris Doctorate from Drake University Law School. He is a member of the Iowa State Bar, where he is licensed to practice law.

Who Should Attend?

  • Tellers
  • New account representatives
  • Back-office personnel
  • Compliance officers
  • Auditors

Training Includes

The Updated Requirements For Funds Availability (Details Of Regulation CC) course includes the following:

Two Year Course Access

Access your course through your customer dashboard

  • Course access for 2 full years
  • All live sessions include access to the on-demand recording post live session

Class Experience

Live sessions are small and focused to support questions and discussion. Self-paced on-demand courses allow you to move through the material on your own schedule.

Resources

Downloadable course materials to support learning

Attendance Certificate

All sessions include an Attendance Certificate

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$200.00