Welcome to Check Clearing for the 21st Century: Compliance Information For Examiners and Industry InfoBase. This InfoBase is designed to provide you with resources for understanding the compliance implications of the Check Clearing for the 21st Century Act (Check 21).

The InfoBase contains a training presentation that provides a concise overview of the Act and its implementing regulation, an example of check processing under Check 21, information on consumer compliance and other requirements, and an explanation of the examination concepts for consumer compliance issues.

To begin the presentation, click on the link to the module you wish to view. You may view any module independently and in any order. If you wish to view the entire presentation please start with Module 1: Overview of the Act and Final Regulation.

You can select additional print and online resources by clicking the Resource button above. This information includes links to the home pages of the five financial institutions regulatory agencies, as well as industry websites that contain useful information on Check 21, printable files for the Check Clearing for the 21st Century Act, the final rule, and various congressional reports.

There are also link buttons that access some Frequently Asked Questions, a Glossary of relevant terms and the FFIEC Examination Procedures for consumer compliance with Regulation CC.

The "FFIEC InfoBase" concept was developed by the FFIEC’s Task Force on Examiner Education to provide field examiners in the financial institution regulatory agencies with a quick source of introductory training and basic information. The industry may also find this training and information useful. The long-term goal of the InfoBase is to provide just-in-time training for new regulations and for other topics of specific concern to examiners within the FFIEC's five member agencies: Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, and Office of Thrift Supervision.

System Requirements

Internet Explorer 5.5 or higher. Acrobat Reader 4.0 or higher is required to read and/or print the resource documents. Flash Player 4.0 or higher is needed to view and hear the presentations. Site is optimized for 800 X 600 resolution.

Contacts

Please contact your primary regulator, if you have any procedure and/or examination related questions.

Questions regarding the content and/or administration of this site should be directed to FFIECInfoBase@frb.gov.