New Changes Coming on Part C - Check Collections
Regulation CC is the regulation governing the availability of funds for transaction accounts and the holds that financial institutions can place on checks. This regulation was passed in 1988 and continues to be one of the toughest compliance problems in financial institutions around the country.
Can we place a hold on a cashier’s check? How many days can we hold checks on a new account? Does this apply to business accounts? Do we have to give the hold while the customer is there or can we mail it later?
These questions will all be addressed in this informative and easy to follow program for the frontline. You'll need a copy of your hold form and Regulation CC disclosure to follow this frontline program.
Who Should Attend?
All tellers, teller managers, cashiers, customer service representatives, back of bank operations, branch managers and compliance officers.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.