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Reg CC – The Cussing and Cursing Regulation!

Reg CC – The Cussing and Cursing Regulation!

Reg CC is all about the “Availability of Funds and Collection of Checks”. What does that mean?

Instructor:

Rebekah Leonard

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    Reg CC is all about the “Availability of Funds and Collection of Checks”.  What does that mean?

    At one time, financial institutions held newly deposited funds for as long as they liked, to ensure they received the money before releasing it to the depositor.  In theory, that was great, but abuses prevailed.  Customers didn’t know when their money was actually theirs to use, and Congress stepped in.

    Become the noble hero of your institution, by procuring a good understanding and completing this Course. 

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