Terri D. Thomas
Terri D. Thomas is Senior VP and Legal Department
Director for the Kansas Bankers Association. Prior to this, she was with
"Bankers Choice," a financial consulting firm. Before this, Terri was employed
in the financial industry for over twenty-three years in various capacities.
Most notably, she served for fourteen years as in-house legal counsel and trust
officer for Bank of America and its Kansas predecessors. Receiving her Bachelor
of Arts degree from Kansas State University in 1985, Terri continued her
education at Washburn University School of Law and obtained her Juris Doctor in
1988. Presently, she serves as an adjunct instructor at Washburn University
School of Law and the University of Kansas School of Law and is a frequent
seminar presenter for financial associations.
Thursday, July 29th, 2010
10:00 am - 12:00 pm
CST
The Institute of Certified BankersTM(ICB) is dedicated
to promoting the highest standards of performance and ethics within the
financial services industry. This webinar has been approved for 2.5 CBT, CCSR,
& CPB credits.
Has your financial institution taken losses due to counterfeit checks, check
kiting or other check frauds? Did losses occur because your staff did not know
how to properly apply holds on customer deposits? Are you confused about how to
handle check holds now that there are no longer “non-local checks?” With the
multitude of regulations and laws requiring compliance on a daily basis, the
Expedited Funds Availability Act (Regulation CC) is one of the most
misunderstood regulations that can impact both the retail and commercial sides
of a financial institution. A financial institution risks significant financial
liability for improperly placing holds on deposits. On the other hand, if used
properly, Regulation CC is one of the financial institution's best protections
from check fraud losses.
Covered Topics:
- What every banker needs to know about the workings of Regulation CC, placing
holds on deposits and the effect of changes to the check processing system
- The most common errors financial institutions make when making the decision
to place a hold on a deposit
- The methods of maximizing Regulation CC's benefits so that your financial
institution can get the most from it, especially when trying to protect the
institution from losses due to check fraud
- Participants will be given an opportunity to work with real-life scenarios
to see how the regulation is supposed to be applied
Plus frequent
question and answer sessions throughout this presentation.
Who Should Attend?
This session would be useful for all tellers, head
tellers, cashiers and anyone who works the front-line and handles checks.