Reg CC Compliance

Regulation CC (Reg CC) was enacted to provide guidelines and disclosures to customers about how their deposited funds will be handled and credited to their accounts.

Under Reg CC there are different hold times for funds depending on the type of deposit, the location of the bank that the funds are drawn from and the amount of the deposit. Reg CC guidelines can be confusing and a challenge to train and maintain consistency at the front line.

Most institutions face these issues when dealing with Reg CC:

• Regular training for tellers and front line staff
• Consistent, accurate hold times and amounts
• Record keeping requirement
• Customer disclosure requirement

Reg CC Software

There are many benefits of implementing an automated compliance solution for a confusing regulation such as Reg CC:

• Cut front line staff and teller transaction time
• Calculate more accurate Reg CC hold times
• Provide proper customer disclosures on Reg CC holds
• Protect assets from fraud and mistakes

ATTUS' WatchDOG® for Reg CC can save you time and money, and keep you in compliance.