Regulation CC Updates and Changes to Availability of Funds and Check Collection
Tuesday, January 28, 2020
12:00 pm – 1:30 pm Eastern 

The Board of Governors of the Federal Reserve System (Federal Reserve) recently issued a series of amendments to Regulation CC (12 CFR Part 229). Regulation CC implements provisions of the Expedited Funds Availability Act of 1987 (EFA Act) (12 U.S.C. § 4001, et seq.) and the Check Clearing for the 21st Century Act of 2003 (Check 21 Act) (12 U.S.C. § 5001, et seq.). 

This Bank Compliance Regulation has been modified to encourage all depository banks to receive, and for paying banks to send, returned checks electronically. As part of a series of these amendments, the Federal Reserve has adopted new warranties and indemnities related to checks collected and returned electronically and to “electronically-created items.” In addition, the Federal Reserve updated liability provisions of Regulation CC to address certain situations where there is a dispute between institutions regarding whether a check was altered or issued with an unauthorized signature. 

The most recent amendments to Regulation CC became effective January 1, 2019. 

This compliance webinar covers key requirements of Regulation CC, regulatory changes, and relevant implementation updates. Among other things, this webinar addresses: 

• Final changes to the Regulation, including liability provisions  
• Availability schedules, timing, common errors, and exception holds, and
• Impact on check-clearing policies and procedures

This bank compliance webinar is appropriate for: 

• Bank executives, directors, and other senior officers 
• Treasury officers and other key payments personnel responsible for administering a depository institution’s payments system
• Key treasury personnel interfacing with regulatory examination staff 
• Compliance officers, branch managers, and bank operations specialists 

Speaker:

John Popeo
The Gallatin Group / Principal – Financial Services Regulation

John Popeo is a principal at The Gallatin Group, a consulting firm that advises financial institutions, investment companies and technology firms on a range of complex transactions and bank regulatory matters. Prior to joining Gallatin, Mr. Popeo was a senior associate in the financial institutions group (FIG) at Hogan Lovells US LLP. He spent a decade in various roles at the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank of Boston. At the FDIC, Mr. Popeo assisted in responding to the 2008 global financial crisis and represented the agency before various subcommittees of the Financial Stability Oversight Council (FSOC). Mr. Popeo also drafted regulations to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Earlier in his career, he worked in the Financial Litigation Unit of the United States Attorneys’ Office. Mr. Popeo also serves as a faculty member at the Financial Integrity Institute at Case Western Reserve University School of Law.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by BankersHUB

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