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.

This webinar is a part of the CUNA Regulatory Compliance eSchool: Update which starts September 1, 2010. Click here for more information

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff!

When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

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

Can't attend at this time? Click here for the archived version.

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 September 28, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.