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Edcomm Banker’s Academy Updates Compliance Training Program to Include Reg D Amendment
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Edcomm Banker?s Academy Updates Compliance Training Program to Include Reg D
Amendment
Edcomm Banker?s Academy has recently updated its compliance training program to
include an amendment to Regulation D.
New York, NY July 02, 2009 --...
[Plus]
Edcomm Banker?s Academy Updates Compliance Training Program to Include Reg D
Amendment
Edcomm Banker?s Academy has recently updated its compliance training program to
include an amendment to Regulation D.
New York, NY July 02, 2009 -- Edcomm Banker?s Academy has recently updated its
compliance training program to include an amendment released late last month to
Regulation D.
Focus on Compliance has been revised as part of Edcomm Banker?s
Academy?s commitment to providing the most up-to-date information.
According to the amendment, only required reserve balances at ineligible
correspondents accounts on behalf of their respondents will receive interest.
However, that interest is required to be passed through to their respondents.
The
amendment allows six withdrawals and transfers from savings accounts each month to
be made in the form of a check, draft, debit card or similar order payable to third
parties, effective July 2.
Depository institutions may retain the three check limit
[Moins]
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