Advanced Deposits: Compliance and Audits 2022 (A) | ProBank Austin | 22 May 2022 | Webinar

In this two-day program we will take a comprehensive look at the federal regulations governing deposit operations at our institutions. Our program includes examples and samples to illustrate complex concepts and clarify common problem areas. We will discuss the policies and procedures as well as the documentation required to comply with each regulation. Additionally, we will outline how those procedures and documents would be evaluated in a deposit audit and provide resources for you to evaluate your own program.

Here's What You'll Learn

• Electronic Funds Transfer Act (Regulation E)
-The initial disclosure provided at the time of account opening
-Policies and procedures for resolving errors involving electronic funds transfers
-Periodic statements
-Opt-In Notice
-Affirmative Consent Notice
-Gift Cards
-Notification sent to customers regarding changes in electronic services or fees requiring advance notice
-Policies and procedures related to complying with remittance transfer rules as well as disclosures provided to consumer originators of international wire transfers

• Expedited Funds Availability (Regulation CC)
-Initial Funds Availability Policy Disclosures
-Case-by-case and exception holds
-Notifications sent to customers regarding changes to funds availability policies
-Check 21 Notice provided to customers at account opening and when receiving an imaged check

• Truth-in-Savings Act (Regulation DD)
-Initial disclosures for each consumer deposit account.
-Prematurity notices provided for renewable and non-renewable certificates of deposit (CDs)
-Deposit-related advertising
-Changes related to account terms or fees requiring advance notice

• Reserve Requirements (Regulation D)
-Policy and procedures related to the financial institution’s treatment of savings and money market accounts in response to the elimination of reserve requirements

• Privacy of Financial Information (Regulation P)
-Policies and procedures for providing consumers with initial and annual privacy notices

• Garnishment of Accounts Containing Federal Benefit Payments
-Policies and procedures to comply with the rules regarding garnishment orders against accountholders receiving certain Federal benefit payments by direct deposit

• Electronic Signatures in Global and National Commerce Act (E-SIGN)
-The general e-sign process a consumer completes in order to receive information in an electronic format (i.e., periodic statements)

• Fair Credit Reporting Act
-Adverse action notices for deposit account denials

Who should attend?
This seminar is designed for all employees who deal with the deposit-taking function. Designed to be a comprehensive analysis of regulatory requirements for experienced deposit personnel, this program will benefit compliance officers, auditors, operations personnel and new accounts personnel.

2022 Speaker

PRESENTER:

K. Natalie Straus
Vice President and Senior Consultant, ProBank Austin

2022 Partners

• UTAH Bankers
• NC Bankers
• Montana Bankers
• Indiana Credit Union League
• IOWA Bankers
• Community Bankers Association
• West Virginia Bankers
• IBAT
• PA Bankers
• CBAO
• TriState League Financial Institution
• NYBA
• Maryland Bankers Association
• Louisiana Bankers Association
• Independent Bankers of Colorado
• Oregon Bankers
• Kentucky Bankers
• Washington Bankers
• Virginia Bankers
• Tennessee Bankers
• Michigan Bankers
• NHBA
• IDAHO Bankers
• BCAC
• Indiana Bankers Association
• Ohio Bankers League
• South Carolina Bankers Association
• NMBA
• Oklahoma Bankers Association