Deposit Regulations
RECOMMENDED FOR: Compliance Officers Customer Service Representatives/Member Service Representatives Branch Managers Internal Auditors Retail Managers
Will you be prepared for the deposit compliance portion of your next compliance exam? Even though the lending area has received a great deal of attention, there have been some changes in the deposit regulations. Deposit Compliance exam procedures have been updated by the regulators. What can you do to manage your deposit compliance program in the face of new rules (Reg DD ODP requirements) while assessing the implications of pending proposals (Unfair & Deceptive Practices, Reg E) and the constant high-risk area of BSA Compliance? This instructor-led program will help you prevent mistakes and provide tips and strategies to manage deposit compliance tasks more effectively. TOPICS COVERED: Regulation D o Overview of Regulation D o Requirements of Transaction Accounts o NOW Account Requirements,Savings Account Requirements and Time Deposit Account Requirements Regulation DD (TISA) o Overview and Definitions o Annual Percentage Yield o Calculating Interest and Paying Interest o Disclosure Requirements at New Accounts and Subsequent Disclosures o Substitute Checks and Remotely Created Checks o New Account Exception Regulation CC o Overview and Definitions o Hold and Hold Notices o Regulation Disclosures and Notices o Authorized and Unauthorized Use of Access Devices o Customer Disputes and Error Resolution o Disclosures and Stop Payments o Answering Customer Questions o Advertising o Overdraft Privilege o Statement Requirements Regulation E o Overview and Definitions
Bank Secrecy Act and Red Flags for Identity Theft o Overview and Definitions o Currency Transaction Reporting o Exemptions from Currency Transaction Reporting o Red Flags for Money Laundering and Identity Theft o Recordkeeping o Suspicious Activity Reporting o Customer Identification Program and Due Diligence
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