Education & Events

Get connected & sponsor a League event
Wisconsin's Credit Unions Unite for Good
Wisconsin Credit Union Foundation

Federal Government ACH Payments: Reclamations & Garnishments

This session will explain your responsibilities regarding processing federal government reclamations, including steps to limit liability.

Nov 15, 2017 02:00 PM   -­­  Nov 15, 2017 03:30 PM
CT
Location


,


For More Information


p: 

c: 

Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Compliance

Register

Description

With few exceptions, federal government ACH payments are subject to the same rules as private industry ACH payments. Mishandling these payments can impact your institution and lead to financial losses. This session will explain your responsibilities regarding processing federal government reclamations, including steps to limit liability. It will also review the final rule related to the Garnishment of Accounts Containing Federal Benefit Payments, detail which payments are exempt from garnishments, and outline associated financial institution responsibilities.

Learning Objectives

  • Interpret Chapter 5 – Reclamations of the Green Book to assess a financial institution’s liability
  • Steps to limit liability and avoid potential losses associated with reclamations
  • Calculating liability related to federal government reclamations
  • Federal benefit payments exempted from garnishment
  • Procedures when receiving a garnishment order

Speaker

Jen Kirk, AAP, MBA, EPCOR

Download the brochure >>