This session will address the changes to the Expedited Funds Availability Act's Regulation CC elimination of the nonlocal check rule and the effect of this rule on your credit union's Reg CC disclosures and exception holds. Additionally we'll review the policy and procedures that credit unions use to provide service yet prevent losses when taking checks for deposit from members, along with the correct use of non-Reg CC check holds to prevent fraud losses.

We will also discuss Remotely Created Draft issues, the new and significant liability theory of "Good Faith" claims on checks for deposit, new Check Overdraft (Courtesy Pay) issues and requirements in addition to a number of stop payment vs. lost check issues.

Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff!

Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.

A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.

For additional training on compliance issues register for the CUNA Regulatory Compliance eSchool: Update which starts September 1, 2010.

Attend this eSchool live on September 1, 2010

Attend this webinar live on October 6, 2010

Access this archived webinar

Regulation CC Update & Advanced Check & Payment Issues

• Explore the elimination of nonlocal checks
• Discover issues with remotely created drafts
• Review the liability theory of "good faith" claims
• Compare stop payment vs. lost check

This webinar will be beneficial for compliance staff, management, and anyone at your credit union needing this detailed compliance information — management, CEO, directors, mortgage lending staff, consumer lending staff and operations staff.

Affiliation with CUNA/League is required for attendance.

Tyler Parker

Tyler is a nationally recognized speaker on financial institution operational and compliance topics, who over the last 20 years has taught compliance programs for 45 Credit Union Leagues, the Credit Union National Association (CUNA), the National Credit Union Administration (NCUA) and numerous credit unions and financial institutions.

The last day for cancellations was October 5, 2010. Substitutions are accepted anytime prior to October 6, 2010 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.