Everything You Need to Know About Reg CC: Holds, Funds Availability, Disclosures & More

Hold that check! But...wait, how long can we hold that check? What reasons do we give the accountholder for placing the hold? Can we place a hold on a business account? In this session, we will answer all of these questions and more.

Recorded Wednesday,
August 16th, 2023
Presented by Dawn Kincaid
2h total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Deposit
  • Deposit Accounts
  • Deposit Compliance
  • Teller
  • Transaction Compliance
  • Branch Manager
  • Compliance Officer
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • New Accounts Representative
  • Teller
  • Trainer

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With so many questions surrounding Reg CC it is not surprising examiners are still finding weaknesses and violations in our processes and forms. Reg CC is one of the most technical of all the Federal Reserve Board Regulations. Join us for this jam-packed session as we break down the purpose behind the regulation, the accounts the requirements apply to, and the disclosures you need to provide your accountholders. We will review the various types of holds that may be placed, the proper way to notify your accountholder that you're placing a hold and discuss an easy-to-implement monitoring process to identify errors before your next audit or exam.

Reg CC holds are an important tool for you to utilize to protect your institution and manage risks associated with potential check fraud. We will provide the tools and resources to help you place holds with confidence!

What You'll Learn

  • Detail the components of the funds availability disclosure
  • Understand the six exception holds types
  • Explain when a case-by-case hold may be utilized
  • Calculate holds using example situations
  • Implement a monitoring process to quickly evaluate the accuracy of a hold
  • Utilize provided tools enhance your current Reg CC procedures

Who Should Attend

This informative session is designed for frontline personnel, new account personnel, deposit operations personnel, branch managers, compliance officers, and internal auditors.

Dawn Kincaid

Instructor Bio

Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years of experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits, and exams, and presented for numerous state associations.