Edcomm Banker’s Academy Updates Compliance Training to Include Regulation CC Changes

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Edcomm Banker’s Academy has made immediate updates to its Compliance training program to include recent changes to Regulation CC.

New York, NY, April 09, 2010 — Edcomm Banker’s Academy has made immediate updates to its Compliance training program to include recent changes to Regulation CC. This update has been made to Focus on Compliance as part of Edcomm Banker’s Academy’s ongoing commitment to keeping its clients up-to-date on the latest laws and regulations for the financial industry.

Regulation CC governs the process where funds deposited into an account must be made available to customers. This law protects institutions from losing money if a customer deposits a check that does not clear. With the addition of Check 21 two years ago, and the fact that many people are using credit cards and online payments, the use of paper checks has decreased. Therefore, the Federal Reserve decided to condense its 12 Check Processing centers down to one location in Cleveland. As a result, the last Check Processing center closed at the end of December, affecting the hold policies of many financial institutions.

Focus on Compliance, from Edcomm Banker’s Academy, is a computer-based, distance-learning program that can be delivered via Internet, Intranet or CD. The program teaches banking compliance in an interactive, self-paced format. Focus on Compliance covers: Bank Secrecy Act (BSA), Anti Money Laundering (AML), USA PATRIOT Act, OFAC, Privacy, Reg P, Gramm-Leach-Bliley Act, Right to Financial Privacy, Sarbanes-Oxley (SOX), Reg CC & Check 21, Reg D, Reg E, Reg Z, Truth in Lending, FCRA, FACT Act, HMDA, CRA and Bank Bribery, among others. The program also includes a quick reference guide to all banking regulations, as well as a searchable library of reference materials.

For more information about programs like this, or to find out how The Edcomm Group Banker’s Academy can customize any training program, log onto www.bankersacademy.com or call +1.212.631.9400.

The Edcomm Group Banker’s Academy is a 22-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share – providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation. Edcomm Banker’s Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).

The Edcomm Group Banker’s Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the world.
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Contact:
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza Suite 1010
New York, NY 10001, USA
Tel: +212.631.9400
Fax: 212.631.0659
[email protected]
http://www.bankersacademy.com

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