This course will familiarize the learner with Check Clearing for the 21st Century Act and the process of check truncation. The learner will be able to recognize substitute checks and understand the legalities surrounding them. After completing this program, the learner will be able to:
- Differentiate between warranties and indemnities required under Check 21.
- Make and submit claims for recredits which consumers may ask for under certain conditions.
- Communicate with customers about Check 21.
This course will introduce the learner to Regulation AA and the Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) Act. The learner will be instructed on the provisions and prohibitions enacted under Regulation AA. After completing this program, the learner will understand:
- How confessions of judgment occur.
- What third-party relationships are considered UDAAPs.
- What constitutes a UDAAP.
Seat Time: 0.25hrs - Desc:
This course will introduce the learner to the provisions established by Regulation A. The learner will be provided with an overview of the ways in which a Federal Reserve bank may extend credit to depository institutions. After completing this program, the learner will understand:
- Reasons why primary credit is extended.
- Details about seasonal credit users.
- Ways in which collateral is secured.
Seat Time: 0.25hrs - Desc:
This course will introduce the learner to Regulation 9, which sets forth the standards that apply to the fiduciary activities of national banks. The course will teach the learner about the limitations that Regulation 9 establishes. After completing this program, the learner will understand:
- Policies and procedures for national banks enacted under Regulation 9.
- Three types of reviews of fiduciary accounts.
- Acceptable collateral that can be set aside as security.
Seat Time: 0.25hrs - Desc:
This course will introduce the learner to Regulation II and the Dodd-Frank Wall Street Reform and Consumer Protection Act. The learner will be provided with an overview of the standards implemented by the Regulation and the definition of terms like "basis point." After completing this program, the learner will understand:
- Details of debit card interchange fees, including exemptions.
- Definition of a "basis point."
- Prohibitions on circumvention, evasion, and net compensation.
This course will introduce the learner to the pervasive and serious issue of elder financial abuse. The course will help to familiarize the learner with the various financial frauds and scams that are most commonly perpetrated on elders. After completing this course, the learner will understand:
- Why elder financial abuse is such a serious issue.
- Who most commonly perpetrates elder financial abuse.
- How to identify the various red flags of financial abuse and how to properly report them.
Seat Time: 1hrs - Desc:
This course will introduce the learner to the details of the Real Estate Settlement Procedures Act (RESPA). The learner will be provided with an overview of the important aspects of RESPA, such as the Act's disclosures and penalties for non-compliance. After completing this program, the learner will understand:
- Refinancing under RESPA.
- Definition of types of refinancing requirements of RESPA, such as the Good Faith Estimate (GFE)
- Necessary items on annual reports
This course provides information about Regulation W, Transactions between Banks and Their Affiliates. This course will describe the provisions of sections 23A and 23B as well as the attribution rule and collateral requirements. Upon completion of this course, the learner will be able to:
- Understand the terms and guidelines for financial transactions between banks and affiliates.
- Abide by designated quantitate limits and collateral requirements.
- Help protect the bank from the misuse of its resources and potential losses.