Deposits: Prohibited Practices – ON-DEMAND WEBINARS


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SKU: SWDPP Category:

Recorded: November 23, 2021

Presented by: Ms. Leah Hamilton, Vice President and Senior Consultant, FORVIS

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)
Who Should Listen

This Deposits: Prohibited Practices webinar will be of value to compliance officers, managers, specialists, and analysts as well as operations staff and management as they face compliance issues each day on the front line. Highly recommended for branch managers, tellers and CSRs.

Program Level: Basic

Prerequisite: Basic Knowledge of Deposit Compliance

Advanced Preparation: None

Field of Study: Specialized Knowledge

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Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.

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