Description:
The last several years have seen a significant increase in check fraud resulting in significant losses for financial institutions. Deposit Operations and Compliance may find themselves at odds as to the best way to defend the institution from fraud while still complying with applicable consumer protection regulations. Regulation CC can be a tool for combatting fraud as we can delay the availability of checks for a period of time but check holds do not completely insulate us risk. Additionally, our customer may be the victim of stolen or washed checks and understanding our deposit agreement and state Uniform Commercial Code is critical to knowing who is liable for this type of fraud.
In this session, we will explore trends in check fraud and the various options to consider to mitigate our risk, protect our institution and our customers.
Key takeaways:
- Understand proper use of Regulation CC Holds
- Identify acceptable and unacceptable reasonable cause holds
- Understand fraud scenarios where holds are ineffective
- Develop processes for check acceptance
- Understand the relationship between Regulation CC and the Uniform Commercial Code
Join us July 24, 2025 to properly manage and overcome fraud and risk challenges associated with Reg CC.
Presenters:
Brian Crow, CAMS
Brian Crow is managing partner and co-president for TCA Compliance and is a nationally recognized BSA/AML expert with a strong bank compliance management background and a welcome ability to provide focused educational support to TCA client banks. Crow most recently was BSA Administrator for a suburban Chicago bank, where his responsibilities included the bank’s annual assessment and audit documentation. Earlier, as Operations Officer at the same bank, Crow monitored AML activity and helped install automated AML software that allowed the bank to transition from paper to electronic CTRs. His activities were responsible for reducing debit card fraud by 95 percent at the bank. Mr. Crow has been, and continues to be, an education consultant for the Glia Group BOL Learning Connect program. It was in this role that Crow was recognized as a Bankers Online Guru in 2011. Like many of us, Mr. Crow began his banking career as a teller, working his way up to branch management responsibilities. He earned a B.A. degree from Concordia University, River Forest Illinois.
July 24, 2025