Banks will soon change the way they offer overdraft protection on ATM and one-time debit card transactions to their customers due to new regulations. WBA has gathered a variety of resources to assist banks with these changes.
Board of Governors of the Federal Reserve System: New Overdraft Rules for Debit and ATM cards
Consumer Column: New overdraft rules mean more control for bank customers
Prewritten editorial or guest column for your use (Requires login to WBA Members Only area)
Statement Stuffer: New overdraft rules mean more control for bank customers
Downloadable version available here or request that WBA print these for you by contacting WBA's Sonja Vike at 608-441-1240
WBA Compliance Journal article
FIPCO/WKFS Reg E Opt-in Manager Solution
Reg E Opt-in Manager relieves you of the entire opt-in collection process. From sending out notices to recording responses, we use our best practice workflow approach to reach account owners quickly, make sure they receive the required communications, and ensure you are in compliance with the regulation.
FIPCO Reg E Form: What You Need to Know About Overdrafts and Overdraft Fees