Avoiding Check Losses


Presented by: John Burnett
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This webinar is designed to help financial institutions avoid losses related to check handling. It is not a comprehensive review of the uniform commercial code, Regulation CC, ACH rules or federal regulations affecting checks. Content focuses on the "pulse points" where losses are become recognizable or avoidable. The presentation's purpose is to provide financial institution personnel with information relevant to points in the payment process so they can make decisions that minimize the risk of loss for both the financial institution and its clientele.

Upon completion of this course, attendees will be able to:
  • evaluate existing operations and procedures to reduce risk of loss;
  • realize that the law governing checks is a commercial, not a consumer protection statute - it is intended to be fair, not protective; and
  • understand whether the law would allocate a loss to the financial institution or its customer, depending on the facts.
This program is designed for financial institution personnel who do not have a legal education, but who must design and implement procedures for handling foreign checks deposited and cashed as well as on-us checks presented for payment. It is presented at the basic or introductory level.

About the Speaker: John Burnett joined Glia Group, Inc., and BankersOnline in 2004, and currently serves as Executive Editor. He is a 1990 honors graduate of the Stonier Graduate School of Banking and is an alumnus of the ABA National Compliance School, where he served on the faculty for several years.

John began his banking career in high school when he started as a teller at a $15 million bank that didn't have account numbers for its checking accounts (he says they actually filed by signature!) He joined Cape Cod Bank and Trust Company in 1971 and assumed the position of Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company.

He was a member and Chair of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and a member of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He is a regular presenter of BOL Learning Connect webinars and a presenter at BOL Conferences events. As a BOL Guru, John assists bankers handle common and uncommon compliance challenges on the BankersOnline.com site and its paid subscription service, BankCompliance.com.

This program was recorded in its entirety in April 2019. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_checkloss0419
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Tuesday 12 March, 2019.

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