New Reg CC Threshold Changes Effective July 1, 2025
On-Demand Webinar:
StreamedAug 14, 2024Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
The new Reg CC thresholds were just released in May.
Do you know the steps to ensure
compliance by the July 1, 2025, effective date? Attend this timely webinar to
learn about creating an action plan, revising affected documents, and preparing
for a smooth transition.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Understand the new numbers for case-by-case holds, large deposits, and new accounts
- Determine when to make changes that are required by July 1, 2025, or before
- Prepare staff forms for the new numbers
- Know how to revise your disclosures for Regulation CC
- Adhere to signage compliance changes
- Revise the special rules for new accounts
- Adopt an action plan for an easy transition
WEBINAR DETAILS
The Consumer Financial Protection Bureau (CFPB) and
the Federal Reserve Board jointly adjusted dollar amounts for inflation
relating to the availability of accountholder funds. These Regulation CC
changes include the minimum amount of deposited funds that financial
institutions must make available for withdrawal by opening of business on the
next day for certain check deposits, as well as the amount of funds deposited
by certain checks in a new account that are subject to next-day availability.
By law, the agencies are required to adjust these
dollar thresholds every five years by the annual percentage increase in the
Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The
inflation measurement period for this adjustment began in July 2018 and ended
in July 2023. Released May 13, 2024, these changes will be effective July 1,
2025. Now is the time to prepare!
WHO SHOULD ATTEND?
This informative session
is designed for compliance staff, tellers, teller supervisors, trainers, branch
operations, and anyone who works with holds.
TAKE-AWAY TOOLKIT
- Regulation CC handbook, including case studies, problems, checklists, and sample language for revisions
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
TESTIMONIALS
"Deborah went over all changes to come in detail with examples to better understand the changes coming, which makes it so much easier for me and our training department to train on. Examples are everything."
- Nancy, Raiz Federal Credit Union
Presented By
Gettechnical Inc.
© 2024 FINANCIAL EDUCATION & DEVELOPMENT, INC
