Preparing for Reg CC Rule Changes Part 1: Impact, Detailed Changes & Action Plan

Sep 08, 2017 11:00am -
Sep 08, 2017 12:30pm

Event Description

On May 31, 2017, the Federal Reserve Board announced the long-awaited final amendments to Regulation CC.  The 232-page rule, effective July 1, 2018, updates the check collection and return provisions to reflect the evolution from the paper-based system of yesteryear to the electronic check collection system of today.  In addition, the FRB has proposed language to amend current liability provisions for substitute or electronic checks.
What are the important changes?  How will they impact your institution?  Part 1 of this two-part series will provide a detailed overview of the amended regulation and provide an action plan for successful implementation and compliance.
  • Current vs. new check collection requirements
  • Review of warranties and indemnities now applicable to checks collected and returned electronically
  • New requirements and procedures for “late return” claims
  • Overview of the proposed FRB amendment and how it would impact your institution
  • Tips for how to prepare for effective implementation of the Reg CC changes
Take-Away Toolkit:
  • Amended Regulation CC fact sheet
  • Action plan for Regulation CC change implementation
  • Sample Regulation CC policy, including updated language
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key


Attendance verification for CE credits provided upon request.

Who Should Attend?

This informative session is designed for deposit operations personnel, auditors, frontline staff, and compliance officers. 


If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.

Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on Aug 03, 2017.
Regular registration starts on Aug 04, 2017 and ends on Sep 08, 2017.
Late registration starts on Sep 09, 2017.
(GMT-05:00) Eastern Time (US & Canada)


Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00
 Recorded Webinar + Free Digital Download
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live Webinar and Recorded Webinar + Free Digital Download
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00