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The Federal Reserve Banks Introduce New Check Adjustment Options Resulting from the New Indemnities Defined in Regulation CC Amendments

*This article was originally published May 22, 2018, at FRBServices.org.

The approved amendments to Regulation CC (Reg CC) [have] become effective on July 1, 2018. These amendments reflect the evolution of the nation’s check collection process from largely paper-based to virtually all electronic and include new indemnities that will impact the adjustments accepted by the Federal Reserve Banks. 

Click here for more details on the four new indemnities on the Unauthorized Electronically Created Items (UECI) and Remote Deposit Capture (RDC).

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