Details
August 30, 2022
12:00PM - 1:00PM
FedNow & the Implications of New Amendments to Regulation J
Webinar
Regulation J provides the legal framework for depository institutions to collect checks and other items and to settle balances through the Federal Reserve System. The regulation also specifies terms and conditions under which Federal Reserve Banks will process funds transfers via Fedwire. With the addition of their FedNow service, scheduled to go live in 2023, the Federal Reserve has issued new rules that will govern transfers over the service.
Speakers on this session will set the stage by providing a general overview of the funds flow, settlement, terminology and parties involved in a FedNow transfer, and how these transfers compare to other similar services. Speakers will also discuss who is covered by Regulation J, key requirements for each party, and the interplay between UCC 4a and Reg E with regard to consumer FedNow transfers.
Gain Insight & Understanding
During this webinar, you will learn:
- The terminology and parties involved in a FedNow transfer, and how funds flow and settle through the service
- The Reg J amendments affecting FedNow, and how they work alongside UCC 4A and Reg E
- Key requirements for each party covered by Regulation J, and how to remain compliant
Speakers
Jennifer Aguilar
Senior Associate, Alston & Bird LLP
Mary Gilmeister, AAP, NCP
President, Macha
AAP/APRP Credits 1.2
Webinar Cost:
Member Price: $145
AAP/APRP: $120
Non-Member Price: $225
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08/30/2022 12:00 PM
08/30/2022 01:00 PM
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FedNow & the Implications of New Amendments to Regulation J
Regulation J provides the legal framework for depository institutions to collect checks and other items and to settle balances through the Federal Reserve System. The regulation also specifies terms and conditions under which Federal Reserve Banks will process funds transfers via Fedwire. With the addition of their FedNow service, scheduled to go live in 2023, the Federal Reserve has issued new rules that will govern transfers over the service.
Speakers on this session will set the stage by providing a general overview of the funds flow, settlement, terminology and parties involved in a FedNow transfer, and how these transfers compare to other similar services. Speakers will also discuss who is covered by Regulation J, key requirements for each party, and the interplay between UCC 4a and Reg E with regard to consumer FedNow transfers.
Gain Insight & Understanding
During this webinar, you will learn:
The terminology and parties involved in a FedNow transfer, and how funds flow and settle through the service
The Reg J amendments affecting FedNow, and how they work alongside UCC 4A and Reg E
Key requirements for each party covered by Regulation J, and how to remain compliant
Speakers
Jennifer AguilarSenior Associate, Alston & Bird LLP
Mary Gilmeister, AAP, NCPPresident, Macha
AAP/APRP Credits 1.2
Webinar Cost:Member Price: $145AAP/APRP: $120Non-Member Price: $225
Click Here to Register!
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