Expedited Funds Availability Act (Reg CC) for Compliance Professionals


Covers the basic provisions of Regulation CC, which implements the Expedited Funds Availability Act focusing on the provisions of the regulation that affect customer-contact functions. Provides an overview of the check processing system, Check 21, and remotely created checks is also included.

Reviewed: Sep. 2017 (no changes necessary)
Updated: July 2016

Learning Obj​​​​ectives

After completing this course, students will be able to:
  • Explain the types of accounts covered under Reg CC and the verbiage that must be included in a hold notice
  • Identify items that are subject to next day availability and exceptions to next day availability
  • Describe the guidelines for using case-by-case holds and exception holds
  • Describe Reg CC requirements relating to check processing
  • Identify additional requirements under Reg CC, including disclosure requirements, employee training, and record retention

​Audience

Compliance and risk management professionals including compliance managers, officers, and other team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, and auditors.​

Course Credits


Your Instructor

Thomas Healy
Chief Compliance Officer
Ally Bank, Midvale, UT

Thomas Healy is the Deputy Chief Compliance Officer at Ally Bank. Prior to Ally, he was a Compliance & Operational Risk Manager at Bank of America. Prior to his work at Bank of America, Thomas was the Compliance Officer at F&M Bank in Granite Quarry, NC. Thomas serves on the faculty and advisory boards for the ABA Compliance Schools and the editorial board for the ABA Bank Compliance magazine.
​​
​​​​​​​​​​
​​​​​Questions? Contact ABA Training​ for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Registration & Pricing

 

Individual Purchase:
ABA Member • $275
Non-Member • $375

Purchase for a Team:
To license this course to your bank for multiple learners, please contact ABA Training.

 

 Related Training