Regulation CC, implementing the Expedited Funds Availability (EFA) Act, has been amended by the Board of Governors of the Federal Reserve System (Board) to increase threshold amounts effective July 1, 2025. Banks and credit unions should prepare for the upcoming changes while also reviewing hold policies and processes.
Anders partner and compliance and loan review practice leader Brad Stumpe, CPA, CRCM, joins compliance supervisor Josh Labadie, CBAP, CAMS, to discuss strategies to adjust to new thresholds. They also provide actionable tips on how long a hold can last and how to reduce common errors, including large deposits, repeated overdrafts, and more.
Get Ready to Learn:
- New thresholds for various sections
- How your institution can prepare for upcoming threshold increases
- Methods to avoid common errors in the process, such as reasonable cause to doubt collectability
- What steps to take to remain in compliance once the updated thresholds take effect
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