Regulation CC: 01 Expedited Funds Availability Act Basics
Last Updated 10/2025
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What you'll learn
Talk about the basics of the EFAA
Act limits the fund holding periods for all U.S. banks, savings institutions, and credit unions.
Act led to many banking changes.
Skills covered in this course
Description
This is the opening module of the Regulation CC series, focused on the Expedited Funds Availability Act (EFAA). It explains why the law came about and what it changed.
What this course covers:
- The history behind the Expedited Funds Availability Act
- How the EFAA caps how long banks can hold deposits
- The institutions covered, from banks to credit unions
- How the EFAA sets up the rest of Regulation CC
A focused first step for learners working through the Regulation CC series.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Making the Workplace Safer and Smarter
HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.
HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.
Regulation CC: 01 Expedited Funds Availability Act Basics
Regulation CC: 01 Expedited Funds Availability Act Basics
Before 1987, back when paper checks were still a thing, MTV still aired music videos, and big hair was a MUST, many banks were holding deposits basically for as long as they wanted, before crediting consumers' accounts. "Gimme my money!" Am I right? Due to obvious public concern, congress passed the Expedited Funds Availability Act, or EFAA. The act limits the fund holding periods for all U.S. banks, savings institutions, and credit unions. This act led to many banking changes, which we'll get to throughout this series, but in this first course, we'll talk about the basics of the EFAA.
Frequently Asked Questions
As the opening module of the Regulation CC series, this course focuses on the Expedited Funds Availability Act (EFAA) — why it came about and what it changed.
It traces the history behind the Expedited Funds Availability Act, the law that gave rise to Regulation CC.
The course explains how the EFAA caps how long banks can hold a deposit before it must be available to the customer.
It identifies the institutions covered by the law, ranging from banks to credit unions.
The module shows how the EFAA sets up the structure and topics of the rest of the Regulation CC series.
This course is designed for employees who need to complete Regulation CC: 01 Expedited Funds Availability Act Basics training
Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.
The course takes approximately 10 minutes to complete and can be paused and resumed at any time.
No. This course does not include a certificate of completion.
Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.
Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).
Yes. The course is fully self-paced and available 24/7.
Yes. This course includes a knowledge check to reinforce learning and verify completion.
Learners have lifetime access from the date of purchase.
Yes. A preview is available so you can review the course format and content before purchasing.
Yes. Content is reviewed and updated as regulations and best practices change.
Yes. This course is available for free with an active Prime Subscription.
Yes. Refund requests can be submitted within 30 days of purchase.
