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DTSTAMP:20100216T193000Z
UID:1262627344036@calendar.bollearningconnect.com
CATEGORIES:Presented By: John Burnett
DTSTART:20100216T193000Z
DTEND:20100216T213000Z
SUMMARY:Regulation CC - After Fed Consolidation
DESCRIPTION:
When the Federal Reserve System announced its
plan for consolidation of check processing regions
in 2003,
it's doubtful that anyone
could have forecasted how far it would go
or how quickly. The effort was initiated to adapt
to two powerful forces for change -- the
shift away from paper checks as the predominant
payment method in the U.S. economy, and the
passage of the Check Clearing for the 21st
Century Act (Check 21 Act) in 2003. \n
\n
Ironically,
the Fed's decision to consolidate became
a sort of "self-fulfilling prophecy," because
it became a driving force behind the adoption
of check-image exchange and presentment
which in turn sped up the decline in paper check
volume and accelerated the pace of consolidation.\n
\n
The
nonlocal check is now a thing
of the past, and that means there are a lot
of changes affecting disclosures and limits
on case-by-case and exception holds. We
will focus on what has changed, what is
likely to change, and what remains unchanged
in Regulation CC in this presentation.\n
\n
\n
During
the webinar, we
will discuss these aspects of Regulation CC,
and more --\n
Which deposit customers
and accounts are affected\n
The end
of the nonlocal check\n
Understanding your
bank's funds availability policy disclosures\n
\n
Changes
that need to be made\n
What
your disclosures should say now\n
When
changes require notices\n
\n
Business
days and banking days and why the difference
matters\n
Whether there's still a case
for case-by-case holds\n
Knowing when exception
holds are permitted\n
When "reasonable
cause" holds can -- and can't -- be used\n
When exception holds don't make sense\n
Disclosing
holds to depositors\n
Large item
return notices\n
Notifying customers of
returns\n
Substitute checks\n
\n
Substitute
check disclosure rules\n
Handling
customers' substitute check claims\n
\n
Remotely created checks\n
\n
Warranty
provision \n
Your customer's rights\n
Making
a warranty claim\n
\n
\n
Regulation
CC is loaded with details that you have to
understand to keep your institution out of trouble
with your regulator and your depositors.
This webinar will give you what you need to
understand to stay in compliance with the complex
rules of the regulation, or return to compliance
now that check processing consolidation
has been completed.\n
\n
About the
Speaker:\n
\n
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. He is also a graduate
of the BAI's and the Massachusetts Banker Association's
Schools of Banking. \n
\n
He joined
Cape Cod Bank and Trust Company in 1971 and
assumed his role as 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 became a part
of the BOL Team in June, 2004. \n
\n
Mr. Burnett
is a former member chair of the Massachusetts
Bankers Association Legal and Regulatory
Compliance Committee, and of the American Bankers
Association Compliance Executive Committee
and NCS/NGCS Advisory Board. He served on
ABA's Truth in Savings Task Force, and has served
on several ABA and Massachusetts Bankers
seminar panels. \n
\n
\n\n
Price: $235 Early Bird - Registration one-week prior
to the event\n
Sponsor: BOL Learning Connect\n
Homepage: http://www.bollearningconnect.com\n
Contact: Carin Eisenhauer\n
Phone: 888-229-8872\n
E-Mail:: carin@bankersonline.com\n
LOCATION:Webinar
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