EVENT: Reg CC (Session Code: 439)
Losses from check fraud continue to cause losses in the credit union industry. The most effective loss control against fraudulent deposit losses is the check hold. The changing check fraud environment has forced credit unions to reevaluate their check hold policies. Learn how to use Federal Reserve Regulation CC to protect your credit union from check fraud losses. This session will also address check return rights for items that are returned unpaid to the credit union.

This session will include a thorough discussion on the following:

Funds availability schedules for next-day checks and local/nonlocal checks
Exception (safeguard) holds
Holds on ATM deposits
Disclosure requirements
Remotely created checks
Check return rights including an overview of Uniform Commercial Code 3-302 (midnight deadline rule)


Illinois Pricing:
Affiliate: $ 169.00
Non-Affiliate: $338.00

Out of State Pricing:
Regular: $ 175.00

Contact: Mary Jaros (Illinois Credit Union League)
Phone: 630-983-3466
Fax: 630-983-3212
Email: mary.jaros@ilcusys.org


Speaker: Ken Otsuka
Speaker Bio:
Ken Otsuka is a Risk Manager in the Credit Union Protection Risk Management Department for CUNA Mutual Group. In this role, Ken assists credit unions in identifying areas of risk in their operations and recommends best practices to reduce loss exposure. He also provides training for credit union employees. He is based in Chicago, Illinois.

Location(s):

Location 1:
Telephone - Telecourse - March 08, 2012: 10:00 am CT
Duration: 12:00 pm CT

Online registration for this event has ended.