Let’s Talk Overdrafts – ON-DEMAND WEBINARS

Date Recorded: April 20, 2022
Presenter: K. Natalie Straus, CRCM, Vice President, ProBank Austin

A ninety-minute webinar addressing regulatory requirements related to consumer overdraft programs.

Renewed interest in generating overdraft revenue has opened the door for many questions – and regulator concerns. Join us as we explore overdraft program and advertising disclosures, promoting overdraft on your website and opt-in promotional practices and best practices to mitigate the inherent risks associated with overdraft programs, including UDAP/UDAAP. We’ll even take a peek at the proposed overdraft model form and any potential concerns.

In this webinar we will discuss:

• Difference between automated, standard, and ad hoc overdraft requirements;
• When your institution can charge an overdraft fee;
• Opt-in procedures;
• Common opt-in problem areas;
• Disclosure requirements;
• UDAAP risks;
• Advertising risks; and
• Regulatory guidance.