Regulation CC Changes
On July 1, 2018 as the Federal Reserve's long-awaited amendments to Regulation CC went into effect. The changes modify the current check collection and return requirements to reflect the evolution of the nation’s check collection system from one that is predominantly paper based to one that is virtually all electronic.
This recorded session reviews the check payment system regulatory foundation with a discussion of Regulation CC. Part of the Code of Federal Regulations (CFR), Reg CC provisions were discussed in some detail. Scenarios were used to illustrate key warranties and how breach of warranty situations may be handled.
>> 1.8 AAP & NCP Continued Education Credits