Regulation CC - Expedited Funds Availability Act Exception Holds
So, like, in the last program, we totally talked about the Expedited Funds Availability Act of 1987, and how it was managing paper checks, and more importantly, their funding times. Since the banking industry is one of the most clear-cut, unambiguous industries (PSYCH!), there are, of course, a ton of exceptions to their rules. Don’t have a cow! In this program, we’ll quickly roll through the exceptions to Regulation CC’s funds availability requirements.
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