1. Understanding Regulation CC Holds and Monitoring Techniques

Understanding Regulation CC Holds and Monitoring Techniques

Compliance expert Scott Carr will reveal the latest updates to Regulation CC and explain effective practices for adhering to the regulations. You will learn when you must make funds available to customers and when holds are acceptable.
Event ID: 2197104
Duration: Scheduled for 90 minutes including question and answer period.
Presenter: Scott Carr
Credits: Live webinar approved for 1.5 NASBA credit hours (Management Services)

Understanding Regulation CC Holds and Monitoring Techniques

Regulation CC (12 CFR 229) requires that depositary institutions make funds deposited into accounts available according to a specific schedule and that they disclose their policies for the availability of funds to consumers. Changes to the requirements will take effect on July 1, 2020.

Regulation CC is both a consumer protection regulation and a safety and soundness regulation. You need to understand the fundamentals and explore the updates to balance protecting the customer and the bank.

  • What are the definitions in Regulation CC?
  • When must institutions make funds available?
  • When may you place a hold on a deposit?
  • What changes will take effect on July 1?
  • What disclosures are required at account opening, when deposits are received, and when holds are placed on deposits?
  • How can you ensure compliance through regular monitoring?

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