Updated Requirements For Funds Availability (Details Of Regulation CC)

When Are Deposited Funds Available? Discover Regulation CC Updates for Expedited Funds Availability. The Expedited Funds Availability Act regulates how financial institutions may use deposit account holds. Implemented by Regulation CC, this law standardizes the length of time banks and credit unions may hold deposited funds. Effective July 1, 2020, the amounts associated with the next-day availability of deposits and certain exception holds were updated. You need a clear understanding of the current requirements to remain in compliance. Leading attorney and compliance expert Michael Christians will demystify Regulation CC and detail the latest updates. You will learn when financial institutions must make funds available to depositors and how to use exceptions to these rules effectively to protect your institution.