Be sure to JOIN US on March 19, 2020, for a flash webinar on “Interest on Deposits-Regulation D”.
While there really isn’t anything new when it comes to Regulation D (Interest on Deposits), it’s often easy to forget the rules to some of the older requirements such as these. Regulation D defines demand deposits, savings accounts, time accounts, etc. Savings and Money Market accounts are limited to only six debits per month and you have an obligation to monitor these types of accounts, notify the customer when they exceed the limits, etc. The confusion comes in because some debits count towards the six and some don’t.
Click on the video to listen to David explain more.
Other Upcoming Deposit Webinars:
April 21st – Regulation E: Errors & Disputes
Aprils 28th – FREE Forum: Deposit Compliance Q & A
May 27th – Regulation E Opt-In
June 4th – Compliance Culture
Want more Free Deposit Operations tools? See here – https://store.bankerscompliance.com/link/DOTools
David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.