Reg CC Final Rule Changes: What Banks Need to Know

Legal & Regulatory Compliance

In June 2019, the Federal Reserve and Consumer Financial Protection Bureau jointly announced a final rule that impacts financial institutions by, among other things, amending Regulation CC to incorporate cost of living adjustments (COLA) required by the Dodd-Frank Act into the fund availability rules. In this session, participants will learn details on Reg CC changes effective July 1, 2020, that impact all banks that offer checking accounts, including requirements around updating and creating disclosures, change notices, posters, hold notices, information technology systems, and staff training. As compliance for these changes is mandatory, it is critical for banks that offer checking accounts to incorporate these requirements into their processes and materials by the July 1, 2020, effective date.

Who Should Attend: Chief Compliance Officer, Operations Administrator, Policy & Procedure Specialist, Training & Development Manager

Learning Objectives

  • Learn about the specific requirements and changes brought by Reg CC final rules approved in mid-2019
  • Determine which financial institutions are impacted by new Reg CC final rules and what to do in order to be compliant effective July 1, 2020
  • Identify best approaches for incorporating changes to the bank’s Reg CC-related materials, processes, and staff requirements to ensure full compliance with the July 1, 2020, final rule effective date

Speaker Bio

Karl Leslie
Principal Consultant
Wolters Kluwer
Karl Leslie is a principal consultant with the regulatory analysis team of Wolters Kluwer’s Compliance Center of Excellence, where he works as the lead attorney in the areas of deposit law, tax-advantaged accounts, financial intelligence, and anti-money laundering. With over 30 years of experience as an attorney within the financial services industry, Leslie calls upon his knowledge of banking law to help financial organizations develop strategies and solutions that address some of their most complex compliance challenges. Specific areas of expertise include electronic funds transfers, funds availability, truth-in-savings, UDAAP, individual retirement accounts, Coverdell education savings accounts, health savings accounts, anti-money laundering programs, and customer due diligence. He is both an accomplished speaker and writer. He can be reached at karl.leslie@wolterskluwer.com.

Webinar Fees

Pricing For Price Season Pass
Bank Member $195 $0
Bank Nonmember $249 $0
Affiliate Member $195 $0
Affiliate Nonmember $249 $0

Season Pass Members receive 4 individual logins to every webinar

Additional Info

Participants will earn 1.0 CPE credit

Field of Study: Specialized Knowledge

Prerequisites: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

Refunds and Cancellations: Webinar registrations are non-refundable. If the registrant is unable to attend the designated time and date of the webinar, a playback link and any written materials will be provided within 2 business days following the conclusion of the webinar

Western Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.nasbaregistry.org.

Register

Click here to register online