Deposits: Prohibited Practices 2022 | Professional Bank Services | 13 October 2022 | Virtual Event

When it comes to deposit products, we often miss the numerous prohibited practices. Do you require a police report for unauthorized transaction? Did you know your institution could be directly financially exploiting the elderly with just a few simple words? Join us for the two-hour webinar on the Prohibited Practices for Deposit account under Regulations E, DD/Part 707, CC, FCRA, and more! We will also address the CFPB’s new FAQs on Regulation E’s unauthorized transactions.

Managing your compliance risk with deposit products can be a challenge when you are only looking at the bright-line rules or focused on terms of a third-party agreement your institution may have entered into. However, there are several prohibited practices – such as not requiring a police report or an affidavit for unauthorized transactions – that all deposit staff should be aware of. During this webinar, we will look at common actions staff take that could be exposing your institution to compliance, reputational and financial risks.

During this two-hour Deposits: Prohibited Practices webinar, we will cover do’s and don’ts under:
• Regulation E Electronic Funds Transfers
• Regulation DD/Part 707 Truth in Savings
• Overdraft
• Regulation CC Funds availability
• BSA/AML: Financial Exploitation of the Elderly
• Fair Credit Reporting Act (FCRA)

FORMAT/INSTRUCTIONAL METHOD: GROUP INTERNET BASED

An online presentation and any additional supplemental materials, as applicable, will serve as the basis of the presentation. You will have the option to stream the audio through your computer or dial-in using a telephone number/PIN. Ample time will be dedicated to taking questions from attendees. Be sure to submit your questions during the webinar, as we are unable to offer telephone or email support after the presentation.

2022 Presenter

Leah Hamilton
Vice President & Senior Consultant, ProBank Austin