Regulatory Compliance Series Online Access - Day 4

Regulatory Compliance Series

Day 1

Day 2

Day 3

Day 4
     Watch Recorded Event - Part 1 - Coming Soon!  
     Watch Recorded Event - Part 2 - Coming Soon!
     Resources
     Session Information
     Speaker

Day 5

Deposit Compliance

This program discusses critical deposit account rules and the implications of UDAAP and the subjectivity of enforcement. Compliance officers and personal bankers will be better prepared to identify solutions in the deposit account front-line sales and operations areas.

Watch Recorded Event - Part 1 COMING SOON! Watch Recorded Event - Part 2 COMING SOON!

Day 4 Resources

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Day 4 Session Information

Reg D: NOW Eligibility and and Reserve Requirements

• Regulatory minimum and your bank’s early withdrawal penalty
• Interest-bearing DDA vs. NOW accounts – They’re not quite the same
• What are the Reserve Requirement rules? How do they impact compliance?
• Repeal of the withdrawal restrictions on savings and money market accounts
• Interest premium rules – Do they still matter?

Reg E: Electronic Funds Transfer Act

• Disclosures and notices
• Resolving error claims
• Foreign remittance rules
• Electronic check conversion
• Customer education
• Remote deposit capture
• Mobile banking
• Payroll card and gift card rules
• Examination trends and frequent findings
• Overdraft Opt-ins

Reg CC: Expedited Funds Availability Act

• Disclosures and notices
• Common hold notice errors
• Remotely created checks
• Check 21
• Implications of item posting order

Reg P: Privacy and Information Sharing “Opt-Outs”

• Reg P rules
• Model form (01/01/11)
• Connection with FCRA sharing
• Do not market/Do not solicit policies
• New CFPB annual disclosure rules

Reg S: Right to Financial Privacy

• Government information requests
• Reimbursement

Fair Credit Reporting Act/ID Theft “Red Flags”

• Address discrepancies
• Credit report alerts
• Other “red flags”
• Affiliate marketing
• Annual report

Reg DD: Truth in Savings Accounts (TISA)

• Disclosures and notices
• Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)
• The higher-risk parts of the rules (e.g., inconsistent terminology, products/terms changes)
• Advertising compliance
• Common disclosure errors
• Courtesy Overdraft Programs

Learning Objectives

• Identify the information that must be disclosed to deposit account customers.
• Recognize compliance solutions that can enhance sales and operations processes.
• Identify and correct deficiencies that might exist in deposit account disclosures; and
• Understand Truth in Savings (Reg DD) rules.
• Understand latest enforcement trends for TISA/Reg DD including UDAAP.
• Demonstrate knowledge of the details and bank-wide impact of selected rules.

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Day 4 Speaker

Brian Crow

Managing Partner & Co-President

TCA Compliance

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