Deposits Compliance: An Overview and What it Means for your Financial Institution

Regulators have become more focused than ever to ensure financial institutions are operating with the consumer in mind. This has been an area of focus during examinations over the past year and will continue moving forward.
Duration: 1 Day
Hours: 2 Hours
Training Level: All Level
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Contact Support for Group Offers
Recorded
Single Attendee
$199.00 $332.00
6 month Access for Recorded

About the Course:

With the increased scrutiny of examiners and regulators, it is extremely important for financial institutions to increase their oversight efforts regarding regulatory compliance for deposit-related regulations. A lack of compliance can result in increased risk exposure for financial institutions trying to protect their consumers.

During this session, we will explore consumer compliance regulations for deposits in our current regulatory climate and the impact they have on institutions and clients.

It’s important more now than ever to understand the impact of the regulations that impact deposits and take the necessary precautions in advance as opposed to being reactive after an issue occurs.

Non-compliance is not an option. Failure to meet these regulations can lead to elevated risk exposure, potentially jeopardizing the interests and security of both financial institutions and their valued clients. In this online webinar, we will dissect the nuances of consumer compliance regulations for deposits, offering insights into their current impact on institutions and clients.

Course Objective:

  • Overview of Deposit Compliance
  • Current regulatory environment
  • Regulation D: Reserve Requirements
  • Regulation DD: Truth in Savings Act
  • Regulation CC: Funds Availability Act
  • Regulation E: Electronic Funds Transfer Act

Who is the Target Audience?

  • Legal & Compliance, Banking

Basic Knowledge:

  • No prior knowledge is required

Curriculum
Total Duration: 2 Hours
Understand the key consumer compliance regulations for deposits and their impact on financial institutions and clients
Learn how to increase oversight efforts to ensure compliance with deposit-related regulations in the current regulatory climate
Explore the consequences of non-compliance, including elevated risk exposure and potential harm to consumers and institutions
Develop proactive strategies to address deposit compliance issues, reducing risk and ensuring regulatory readiness