With few exceptions, federal government ACH payments are subject to the same rules as private industry ACH payments. Mishandling these payments can impact your institution and lead to financial losses. This session will explain your responsibilities regarding processing federal government reclamations, including steps to limit liability. It will also review the final rule related to the Garnishment of Accounts Containing Federal Benefit Payments, detail which payments are exempt from garnishments, and outline associated financial institution responsibilities.
- Interpret Chapter 5 – Reclamations of the Green Book to assess financial institution liability
- Steps to limit liability and avoid potential reclamation losses
- Calculate liability related to federal government reclamations
- Federal benefit payments exempt from garnishment
- Procedures that must be followed when receiving a garnishment order
- TAKE-AWAY TOOLKIT
- Resource guide
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
This course is eligible for 1.8 AAP credits.
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND?
This informative session is designed for ACH professionals, audit/compliance personnel, and ACH operations staff.
ABOUT THE PRESENTER – Shelly Simpson, AAP, EPCOR
Shelly Simpson joined EPCOR in 2005, following an 11-year career with the Federal Reserve Bank of Kansas City. As EPCOR’s Payments Education Assistant Director, she designs and conducts education programs in support of ACH, cards, and checks to over 2,300 financial institutions and corporate members. Shelly presents at regional and national industry conferences as an ACH payments expert and received her Accredited ACH Professional designation in October 2006. She has participated in several NACHA workgroups and committees, including the AAP Blue Ribbon Panel and NACHA’s Rules Enforcement Panel. Shelly holds a Bachelor’s in Business Education.
|Over $75 million
|$25 - $75 million
|Under $25 million
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $25M, 50% for credit unions between $25-$75M and 25% for credit unions over $75M.
Upon registration, you will receive an email confirmation that you can print for your records.