Regulation CC: Check Collection


Presented by: John Burnett
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When much of Regulation CC was written, depositary banks, clearing banks, paying banks and returning banks were still working with paper checks. Today, decades later, very few checks are sent to, or returned by, paying banks in paper form - almost all of that work is done electronically, using images of original checks.

The old Reg CC rules on check collection and return were changed to deal with that new reality when Subpart C of the regulation was heavily modified in 2018. Those amendments were also designed to make it more attractive for any "hold-outs" to move away from paper items to embrace electronic presentment and returns.

This 90-minute webinar will focus on the aspects of Subpart C of the regulation affecting check collection and returns, and the warranty and indemnity provisions involved.

Deposit operations, auditors and compliance officers

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 site and its paid subscription service,

This program was recorded in its entirety in May 2021.

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  • Model: cd_regcc0521
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Thursday 18 March, 2021.

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