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Implementing Reg CC inflation changes

Question: 
Can we make the Reg CC inflation changes early?
Answer: 

The changes made by the Fed and Bureau to adjust certain amounts in Reg CC for inflation will be effective 7/1/2020. Because those changes increase the amounts available to depositors from their check deposits, you can make the changes before July. We’ll discuss other options available for implementing the inflation adjustments in our recap of 2019 operations-related compliance events.
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Learn more about John Burnett’s webinar Annual OPERATIONS Compliance Recap

First published on 12/15/2019

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