This recorded event is available until April 8, 2013.
Understand all parts associated with Regulation CC and business membership. Regulation CC, originally passed by Congress in 1987, the Expedited Funds Availability Act (EFAA), was designed to ensure the prompt availability of funds and to expedite the process by which unpaid checks are returned from the paying bank to the depository bank.
This act significantly changed the handling of checks both by members and more so, by front-line personnel. The Federal Reserve Board implemented the requirements of the EFAA by issuing Regulation CC which became effective September 1, 1988. Since that time, several major changes have occurred.
During this portion of the webinar, key elements of Regulation CC, the changes that have occurred, and its implementation will be discussed. In addition, the challenges and issues in dealing with businesses will be examined, including the role of commercial lending.
Topics covered include:
- Major components of Reg CC
- What every "banker" feels about Reg CC
- Learn what can and cannot have holds
- How to apply the rules of Reg CC
- Communicating holds to members in a positive manner
- Do I or do I not place a hold? - The two key elements
- Challenges and issues relating to business membership
- The key that will determine if an organization retains a business account
Who Should Attend
This webinar is designed for compliance officers, new accounts managers and personnel who are directly dealing with opening business accounts. Affiliation with CUNA/League is required for attendance.