Monday
Oct 19
2020

Implementing Reg D Changes: Agreements, Notices & Procedures

Registration Options & Pricing

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Live Webinar Includes

  • Unlimited Connections to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Presenter’s Contact Info for Follow-Up

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

It’s not that simple. The Reg D changes include more than just removing the monthly limit on convenient transfers. Accountholders need to be notified; agreements and disclosures need to be reviewed; and brochures, websites, and social media must be checked – all to ensure that language about transaction limitations is not inaccurate or misleading.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand the Federal Reserve’s rationale for amending Regulation D
  • Analyze the impact of the changes on your institution
  • Implement the action items to ensure compliance
  • Confidently review and amend agreements and notices
  • Explain the importance of timely action to avoid UDAAP and compliance risks

WEBINAR DETAILS

On April 24, 2020, the Federal Reserve adopted an interim final rule under Regulation D, which removed the six-per-month limit on convenient transfers from savings and money market accounts. These changes presented a number of short- and long-term changes for depository institutions. In the short term, depository institutions were permitted (but not required) to immediately suspend enforcement of the convenient transfer limitation. Now, depository institutions need to review their agreements, disclosures, and other information (e.g., brochures, websites, etc.) to ensure that the language regarding transaction limitations is not inaccurate or misleading – and ensure that accountholders have been appropriately notified of the changes.

This webinar will cut through the confusion by summarizing the Reg D changes, explaining the impact, and providing a clear, detailed compliance game plan. Attendees will receive a detailed summary and a list of action items explaining which areas need to be reviewed and revised to align with the changes. In addition, it will address the possibility of retaining transaction limitations on savings and money market accounts and how to update agreements and disclosures. Frequently asked questions will also be reviewed and answered.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative webinar will benefit deposit, operations, compliance, audit, legal, and financial reporting staff.

TAKE-AWAY TOOLKIT

  • Summary and analysis of Reg D changes, with action items
  • Answers to FAQs regarding the Federal Reserve’s changes
  • Employee training log
  • Interactive quiz

DON'T MISS THIS RELATED WEBINAR!

"Alert! Impact of Reg D Changes"
May 15, 2020
Available Now

 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER

Howard & Howard Attorneys PLLC
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