Speaker: Justin brings over 20 years or wide-ranging experience in compliance, training and regulation in the financial services sector.
have become more focused than ever to ensure financial institutions are
operating with the consumer in mind. This has been an area of focus during
examinations over the past year and will continue with the political
environment in mind. During this session, we will explore consumer compliance regulations for deposits in our current regulatory climate and the impact they have on institutions and clients. Specifically, we will go over the following regulations:
- Regulation D: Reserve Requirements
- Regulation DD: Truth in Savings Act
- Regulation CC: Funds Availability Act
- Regulation E: Electronic Funds Transfer Act
With the increased scrutiny of examiners and regulators, it is extremely important for financial institutions to increase their oversight efforts in regards to regulatory compliance for deposit related regulations. A lack of compliance can result in increased risk exposure for financial institutions trying to protect their consumers. The negative results can not only hurt a financial institutions reputation, but also their financial results.
It’s important more than ever to understand the impact of the regulations that impact deposits and take the necessary precautions in advance as opposed to being reactive after an issue occurs
Who Will Benefit
Financial services and anyone dealing with Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB).
Justin brings over 20 years or wide-ranging experience in compliance, training and regulation in the financial services sector. He previously served as North American Head of Compliance Training, Head of Compliance Training at Bank of China, Macquarie Group’s Head of Americas Compliance Training and JPMorgan Chase’s Compliance Training Manager. Justin also worked for FINRA, a US regulator, where he helped create Examiner University to train examiners on how to perform their function. He is now CEO of Tweezzle.