Summary - Advanced Deposits: Compliance & Audits

In this two-day program we will take a look at the federal regulations governing deposit operations at 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.

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

Attendees: $830

Each Additional Attendee: $755

Registration Policy: ProBank Education Services permits one participant per paid registration to access the program via a single internet connection at one physical location. Additional registrations are available at a discounted rate and may be registered online, by mail, or phone. Group viewings are not permitted. All unregistered participants will be invoiced. Please note we reserve the right to change speakers or reschedule/cancel seminars when necessary.