CFPB’s Rescinded Guidance: Deposit & Operations Implications
The CFPB has rescinded 67 guidance’s and advisories! How will that affect compliance efforts in your financial institution? What modifications will operations staff need to make? What does the frontline need to know? How are accountholders impacted? Join this timely webinar to learn what has and hasn’t changed.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand what has been rescinded related to overdrafts, account reopening, and foreign remittances
- Analyze the impact of the guidance retraction on your own programs
- Review what is left on overdraft programs — other agencies have not retracted their guidance
- Identify what a junk fee is and how it is viewed by the CFPB
- Recognize changes in the ability to charge accountholders for copies of checks and statements
- Review foreign remittance risk and rules
WEBINAR DETAILS
In an unheard-of move, the CFPB has pulled back on anything they have published that is not a regulation — which amounts to 67 advisories and guidance’s! This webinar will review these items, but at this point many will not be reestablished. Webinar participants will receive a list of the items that have been rescinded, but the program will specifically focus on the deposit and operations issues.
WHO SHOULD ATTEND?
This informative session is designed for deposit compliance officers, deposit operations staff, management, and trainers.
