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Regulatory Alphabet for Deposit Accounts

Aug 05 2:00 PM - Aug 05, 2021 3:30 PM
Aug 05, 2021 2:00 PM - 3:30 PM
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Do you know the ABCs of opening new deposit accounts? Which regulations apply? What documentation is required? What about privacy notices – or unauthorized transactions? Join us to learn the relevant regulatory alphabet so you can easily open compliant deposit accounts.

Learning Objectives

  • Explain Bank Secrecy Act CIP and due diligence requirements
  • Identify how to effectively use exception holds under Regulation CC
  • Define customer liability for unauthorized transactions under Regulation E
  • Comply with Regulation P’s privacy notice requirements
  • Understand the advertising requirements for deposit accounts under Regulation DD

This jam-packed session will cover the key “alphabet” regulations that must be considered when opening new deposit accounts. This information-intensive session will address these issues:

  • The BSA’s CIP (identification) and CDD (due diligence) requirements
  • Funds availability and exception holds rules for new accounts under Regulation CC
  • Regulation E’s rules governing initial disclosures, issuance of access devices, and opting in for overdraft services
  • The initial privacy notice required by Regulation P
  • New account disclosures required by the Truth in Savings Act



Michael Christians, JD, Michael Christians Consulting, LLC

As principal of Michael Christians Consulting, LLC, Michael assists financial institutions across the country ensure their compliance programs conform to federal laws and regulations. He provides counsel on current rules, assists with strategic regulatory implementation, and offers customized education and training. Michael has over 20 years’ experience in the financial services industry and focuses on consumer compliance. He obtained a Juris Doctorate from Drake University Law School and was admitted to the Iowa State Bar in 2014. 


Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Member Service
  • Compliance