Benefit from Reg CC

ATTUS presents “Regulation CC: Get the Most out of Funds Availability without Getting Mired in its Complexities,” by Lori Moore, Director of Compliance.

One deposit for $26,500. Four funds availability options, all compliant with Reg CC. Would the teller accepting this deposit be aware of all four options at your institution’s disposal? Would all of your tellers? As an institution, what is your policy on funds availability? Or do you simply avoid holding deposits, despite the danger of check fraud losses, in order to avoid the risk of being non-compliant with Reg CC?

You don’t have to avoid or fully accept either risk if you understand all the nuances of Reg CC and know about the options that can simplify them for your front line staff. This White Paper explains Reg CC’s Sub Part B in detail and tells you how a review of your institution’s funds availability policy could increase your float time, speed up the teller line and improve customer service. The key facts are all here.

1. Nine different types of deposits that fit Reg CC’s next day availability category.
2. Three different types of deposits that meet second day availability conditions.
3. Six different Reg CC recognized exceptions that are at your institution’s disposal.
4. Four variables that guide the proper hold calculations for those exceptions.
5. Four separate points of customer disclosure that are Reg CC required.
6. One solution that manages every single Reg CC complexity.

ATTUS is here to advise you and offer compliance solutions. Please login or register to download this White Paper to learn more about Reg CC Sub Part B – Funds Availability.