Overdraft Programs – The Danger Zones
It’s 2021 and the examiners are expected next month. Will your financial institution pass the test?
This program is designed to provide an update and the steps needed to complete an overdraft service checkup on your program before examiners arrive. Whether your system is automated or ad hoc, there are some themes and specifics examiners will target this year. Join us for a look at litigation, federal laws, state law issues, and other overdraft “hotspots” in this regulatory environment. It continues to be shifting sand.
Understanding the regulations, the guidance and the regulatory environment
Authorize Positive/Settle Negative
What are good funds?
Average Balance/ledge balance
Fee per item per time
Lawsuits–See, e.g., Lloyd v. Navy Fed. Credit Union,
Your ODP program and whether it will pass the test—checklist for exams
Regulation E, Reg DD and State Laws
Examination “hot spots” and how the rules are being interpreted
Law suits around the country and how financial institutions are being targeted for unfair trade
Your policy, procedures, fees in 2021
Fair or unfair trade? A look at the federal and potential state issues
Frequently asked questions about overdraft programs
Why fees have to be consistent
And much, much more…
Who Should Attend?
This informative session is designed for the compliance area, deposit operations and management who are responsible for implementing a fair and compliant Overdraft Program.
Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor’s and master’s degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience.
Live Plus Five (days) – $265
OnDemand Recording – $295
CD-ROM – $345
Live Plus Six (months) – $365
Premier Package – $395