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All Chapter RCH Request Forms must be emailed to RCHChapter@americanpayroll.org at least 30 calendar days prior to the event to guarantee a response before the event takes place. Components Required for RCH Submission To request RCH approval for an educational program or activity, a chapter must submit: A Chapter RCH Request Form
The CPP certification is valid for five years after testing. The only way to avoid re-taking the exam is by accumulating 120 Recertification Credit Hours (RCHs) of continuing education activities.
All chapter study groups and events (excluding regular meetings) must be registered with Chapter Relations 45 days in advance and prior to requesting a speaker or RCH approval. Awarding RCHs PayrollOrg requires that chapters providing payroll education enroll in the program to become designated as an approved local chapter to offer RCH-eligible ...
- The American Dream Was Sold on Too-Easy Credit
- Mortgages Were Transformed Into Ever-Riskier Investments
- Post-Depression Bank Regulations Were Slowly Chipped Away
- Investment Banks Jumped Neck-Deep Into Risk
- The Bush Administration, Criticized For Earlier Bailouts, Cut Lehman Loose
The 2008 financial crisis had its origins in the housing market, for generations the symbolic cornerstone of American prosperity. Federal policy conspicuously supported the American dream of homeownership since at least the 1930s, when the U.S. government began to back the mortgage market. It went further after WWII, offering veterans cheap home lo...
The salesmen could make these deals without investigating a borrower's fitness or a property's value because the lenders they represented had no intention of keeping the loans. Lenders would sell these mortgages onward; bankers would bundle them into securities and peddle them to institutional investors eager for the returns the American housing ma...
To prevent the Great Depression from ever happening again, the U.S. government subjected banks to stringent regulation. Franklin Roosevelt had campaigned on this issue as part of his New Dealin 1932, telling voters his administration would closely regulate securities trading: "Investment banking is a legitimate concern. Commercial banking is anothe...
These nimbler firms, crowded by bigger brethren out of deals they might once have made, now had to seek riskier and more complicated ways to make money. Congress gave them one way to do so in 2000, with the Commodity Futures Modernization Act, deregulating over-the-counter derivatives—securities that were essentially bets that two parties could pri...
In March 2008, the investment bank Bear Stearns began to go under, so the U.S. treasury and the Federal Reserve system brokered, and partly financed, a deal for its acquisition by JPMorgan Chase. In September, the treasury announced it would rescue the government-supervised mortgage underwriters almost universally known as Fannie Mae and Freddie Ma...
- Eric Rauchway
- 3 min
On October 7, 2008, the Federal Reserve further expanded the collateral it will loan against, to include commercial paper. The action made the Fed a crucial source of credit for non-financial businesses in addition to commercial banks and investment firms.
Once you’ve earned your PAYO payroll certification, you are required to recertify by either earning recertification credit hours (RCH) or by successfully retaking the certification exam. For the Fundamental Payroll Certification (FPC), recertification is required after 3 years.
Calculating Recertification Credit Hours (RCHs) • One (1) recertification credit hour (RCH) is awarded for each 60 minutes of education program participation. Following the first 60 minutes of educational time spent (not including breaks), RCHs are awarded in 30-minute increments.
