Banker’s Academy Compliance And Teller Training Updated For Bailout Plan

In response to the Bailout Plan passed October 3, 2008, The Edcomm Group Banker’s Academy has made immediate changes to all course content in order to support clients by keeping all training content current and accurate.

New York, NY, October 10, 2008 -- In response to the Bailout Plan passed October 3, 2008, The Edcomm Group Banker’s Academy has made immediate changes to all course content. Courses affected by the Bailout update include Achieving Consumer Lending Excellence, Achieving Consumer Lending Excellence for Credit Unions, Achieving Platform Excellence, Achieving Platform Excellence for Credit Unions, Take Charge! Achieving Teller Excellence, Take Charge! Achieving Teller Excellence for Credit Unions, Achieving Commercial Lending Excellence, Focus on Compliance, Focus on Compliance for Credit Unions, Reassuring Our Customers, Is My Money Safe? and World of Banking. Banker’s Academy is committed to supporting its clients by keeping all training content current and accurate.

The Emergency Economic Stabilization Act of 2008 has been implemented in order to restore stability to the U.S. financial system and to guarantee the economic well-being of Americans. Under this new plan, the Treasury Secretary will establish a Troubled Asset Relief Program (TARP), and federal entities that hold mortgages and mortgage-backed securities will be required to develop plans to minimize foreclosures. This Act also raises the debt ceiling, strengthens the Hope for Homeowners program, prohibits the misuse of the FDIC logo, requires any federal financial regulatory agency to cooperate with law enforcement agencies, provides the Federal Reserve with the ability to pay interest on reserves, makes Truth in Lending Act (TILA) updates, protects the Exchange Stabilization Fund from incurring any losses, makes (Reserve Requirements (Reg D) updates, details certain changes in the tax treatment of losses on the preferred stock of certain GSEs for financial institutions, and raises the FDIC and the National Credit Union Share Insurance Fund (NCUSIF) insurance limits to $250,000.

For more information about the updates made to the programs log onto http://www.bankersacademy.com or call 888-433-2666.

The Edcomm Group Banker’s Academy is a 21-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 Banker’s 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 (http://www.edcomm.com) (http://www.bankersacademy.com) is headquartered in New York City with an Advanced Design Center located in Fort Washington, Pennsylvania.
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Contact Us:

Linda Eagle
The Edcomm Group Banker’s Academy
21 Penn Plaza Suite 1010
New York, NY 10001
888-433-2666

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