Overdraft Requirements & Best Practices

Webinar: ID# 1041558
Live on 4/18/2023 from 11:00am till 1:00pm EST or via On-Demand
About This Course:
Join us for an informative session where we'll dissect the complex world of overdraft regulation and make it easy to understand. Get ready to dive into the regulatory requirements, guidance, and examiner expectations related to overdrafts, all presented in plain English. This is your chance to take the confusion out of overdraft regulation and empower yourself with the knowledge you need to succeed.

Overdrafts continue to be a hot button issue with examiners, as there has been a shift in mentality from "informing" consumers about their overdrafts to "protecting" them from excessive overdrafts. Over the last several years, there have been numerous warning shots fired by the regulatory agencies, and overdraft reform has consistently appeared on the CFPB's rulemaking agenda; but we are still waiting for major changes and/or guidance. It's clear the CFPB does not like overdraft and it will enhance enforcement in this area. It's imperative you are aware of the current regulatory requirements, guidance, and expectations to keep your bank out of trouble!What You'll Learn:
  • Hot Spots, The Latest Guidance, Best Practices & Expectations
  • Available vs. Ledger Balances, Debit Card Holds, & Multiple Fee Issues
  • Approved Positive Transactions that Settle Negative
  • Customer Communications & System Oversight
  • Regulatory Exam Feedback
  • Management & Frontline Oversight
  • UDAAP Angles
  • Your Questions & Much More!
Overdraft Requirements & Best Practices
Live on 4/18/2023 from 11:00am till 1:00pm EST or via On-Demand
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