Edcomm Banker’s Academy has made immediate updates to its free Compliance training tutorials to reflect the recent Temporary Liquidity Guarantee Program (TLGP) update.
New York, NY, December 02, 2008 — The Edcomm Group Banker’s Academy has made immediate updates to its banking compliance training programs to reflect recent changes made to the Temporary Liquidity Guarantee Program (TLGP). Edcomm Banker’s Academy’s free tutorial on the Economic Bailout Plan, Banker’s Academy’s Response to the Economic Crisis, and all other compliance training programs have been updated to contain the most accurate, up to date information.
According to the new updates made to the Temporary Liquidity Guarantee Program (TLGP), the debt guarantee will now be triggered by payment default and a more detailed definition of senior unsure debt is available. Also, Negotiable Order of Withdrawal (NOW) accounts with interest rates of .5% or less and Interest on Lawyers Trust Accounts (IOLTAs) are included in the transaction account program, and there is a lower structure for shorter-term debt and a higher fee for longer-term debt. Finally, eligible entities will have until December 5, 2008, to opt out of the TLGP. Any debt issued on or before June 30, 2009 will be fully protected through the earlier of the maturity of the debt instrument or June 30, 2012.
Banker’s Academy’s Response to the Economic Crisis teaches bank personnel everything they need to know about the Emergency Economic Stabilization Act of 2008. The course educates students on the updates made by the FDIC, such as the establishment of the Troubled Asset Relief Program (TARP) and the implementation of stricter enforcement of abuse of the FDIC logo. Banker’s Academy’s Response to the Economic Crisis also teaches students about the increase in the FDIC’s and NCUSIF’s insurance limits from $100.000 to $250,000, and the strengthening of the Hope for Homeowners Programs. Amendments made by the FDIC are also included in the free tutorial, such as Regulation D and the Truth and Lending Act (TILA). The course will also be updated to include any future changes that might occur as a result of the Bailout Plan in order to keep bank, credit union and money services business (MSB) personnel at the forefront of our changing economy.
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 888-433-2666.
The Edcomm Group Banker’s Academy is a 21-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.
Contact:
Linda Eagle
The Edcomm Group Banker’s Academy
21 Penn Plaza Suite 1010
New York, NY 10001
888-433-2666
[email protected]
http://www.bankersacademy.com
