New York, NY (PressExposure) June 11, 2009 -- Edcomm Bankerâs Academy has made immediate updates to its compliance training program to include recent changes to The Emergency Economic Stabilization Act. This update has been made to Focus on Compliance as part of Edcomm Bankerâs Academyâs ongoing commitment to keeping its clients up-to-date on the latest laws and regulations for the financial industry.
According to a recent update made to The Emergency Economic Stabilization Act, the temporary increase in the deposit insurance limit to $250,000 per depositor has been extended through December 31, 2013. Made public on May 20, 2009, this change is effective immediately. However, the extension does not affect the Transaction Account Guarantee provided by the FDIC's Temporary Liquidity Guarantee, which is still scheduled to expire on December 31, 2009.
Focus on Compliance, from Edcomm Bankerâs Academy, is a computer-based, distance-learning program that can be delivered via Internet, Intranet or CD. The program teaches banking compliance using easy-to-understand language in an interactive, self-paced format. Focus on Compliance covers: Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA PATRIOT Act, OFAC, Privacy, Reg P, Gramm-Leach-Bliley Act, Right to Financial Privacy, Sarbanes-Oxley (SOX), Reg CC & Check 21, Reg D, Reg E, Reg Z, Truth in Lending, FCRA, FACT Act, HMDA, CRA, and Bank Bribery, among many others. The program also includes a quick reference guide to all banking regulations, a glossary of terms and a searchable library of reference materials.
For more information about programs like this, or to find out how The Edcomm Group Bankerâs Academy can customize any training program, log onto http://www.bankersacademy.com or call +1.212.631.9400.
The Edcomm Group Bankerâs Academy is a 22-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share - providing bottom-line results. The Edcomm Group Bankerâs Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation. Edcomm Banker's Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).
The Edcomm Group Banker's Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the world.