Upcoming Events

Handling garnishments containing Federal Benefit Payments

8/5/2020 02:00 PM - 03:30 PM (CT)

Type: Live Webinar

Industry: Financial Institutions, Financial Services

Seats Remaining: 340

Event Contact:

Name: Mary Boortz

Phone: 715.858.6677

Email: mboortz@wipfli.com


If you are involved in the garnishment process, this webinar covers regulatory requirements you should know. 

Financial institutions are required to have processes in place to ensure Federal benefit funds deposited during the lookback period are protected.  The Federal Deposit Insurance Corporation includes garnishments containing Federal benefit payments in their compliance examination testing.  Ensuring staff understand how to avoid garnishing protected funds, notice requirements, and the other garnishment requirements regarding Federal benefit payments is an important part of your compliance program.

During this webinar we will discuss:

  • Account review and lookback period
  • Process for identifying and calculating protected funds
  • Garnishment fee restrictions
  • Notice to account owner content requirements
  • Safe harbors for financial institutions

Who should attend: Staff with garnishment responsibilities, compliance officers, legal

Speakers

Bush_Tracy
Tracy Bush, CRCM
Manager
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Bonnema_Nick
Nick Bonnema, JD, CRCM
Senior Specialist
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