Check Holds

Terri D. Thomas

Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with "Bankers Choice," a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988. Presently, she serves as an adjunct instructor at Washburn University School of Law and the University of Kansas School of Law and is a frequent seminar presenter for financial associations.

Thursday, July 29th, 2010
10:00 am - 12:00 pm CT

The Institute of Certified BankersTM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This webinar has been approved for 2.5 CBT, CCSR, & CPB credits.

Has your financial institution taken losses due to counterfeit checks, check kiting or other check frauds? Did losses occur because your staff did not know how to properly apply holds on customer deposits? Are you confused about how to handle check holds now that there are no longer “non-local checks?” With the multitude of regulations and laws requiring compliance on a daily basis, the Expedited Funds Availability Act (Regulation CC) is one of the most misunderstood regulations that can impact both the retail and commercial sides of a financial institution. A financial institution risks significant financial liability for improperly placing holds on deposits. On the other hand, if used properly, Regulation CC is one of the financial institution's best protections from check fraud losses.

Covered Topics:

What every banker needs to know about the workings of Regulation CC, placing holds on deposits and the effect of changes to the check processing system
The most common errors financial institutions make when making the decision to place a hold on a deposit
The methods of maximizing Regulation CC's benefits so that your financial institution can get the most from it, especially when trying to protect the institution from losses due to check fraud
Participants will be given an opportunity to work with real-life scenarios to see how the regulation is supposed to be applied

Plus frequent question and answer sessions throughout this presentation.

Who Should Attend?

This session would be useful for all tellers, head tellers, cashiers and anyone who works the front-line and handles checks.

Sign Up!

Recording only - $255.00: Unlimited playback & materials only. If you are unable to attend the regularly scheduled event, but are interested in the topic, you can purchase the recorded version. You will receive a web address for online viewing and an audio CD and handouts for offline viewing.