Details
 

August 30, 2022

FedNow & the Implications of New Amendments to Regulation J

Nacha Webinar

Your Desk

1:00 pm - 2:00 pm Eastern
12:00 pm - 1:00 pm Central
7:00 am - 8:00 am Hawaii

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 and CEO, Macha/PAR

 

Nacha webinars are not Educational Package Plan eligible.

$175 Member/$350 Non-Member

1.2 AAP/APRP | CTP Credits May Apply

 

Register Online

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Add to Calendar aCLuDhaqizCaPxAftmqF167204 08/30/2022 08/30/2022 true America/New York FedNow & the Implications of New Amendments to Regulation J 1:00 pm - 2:00 pm Eastern12:00 pm - 1:00 pm Central7:00 am - 8:00 am Hawaii 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 and CEO, Macha/PAR   Nacha webinars are not Educational Package Plan eligible. $175 Member/$350 Non-Member 1.2 AAP/APRP | CTP Credits May Apply   Register Online Your Desk