January 9, 2012
11:45am - 1:30pm

The City Club of San Francisco
155 Sansome Street
San Francisco, California
CLE: .75 hour credit will be offered

January 9, 2012

“Show Me The Money”: The Interim Final Garnishment Rule

Ted Teruo Kitada, Senior Company Counsel - Wells Fargo Bank, National Association

In an effort to protect federal benefit payments, the federal agencies have issued a rule having a significant impact on the manner in which banks respond to levies. This regulatory development affects all U.S. banks, large and small, as well as savings associations and credit unions. The presentation includes a simple recipe for compliance with the new rule.

 

Ted Teruo Kitada:

Mr. Kitada is the chief payment counsel to Wells Fargo, providing advice and guidance on many payment matters, including primary payment systems (wire transfers, checks, ACH, and prepaid and debit cards); deposit services and products; bank operations; Check 21; image exchange arrangements; mobile banking; electronic banking; unclaimed property; and compliance with a variety of state and federal laws and regulations relating generally to bank deposits and operations.

 

Mr. Kitada received his B.A. from Stanford University (magna cum laude and Phi Beta Kappa), his J.D. from the University of California, School of Law, Berkeley, and a Masters in Regional Studies-East Asia from Harvard University.

 

COST: Law Firm Members – $62; In-house Members – $59; Solo Members – $55