Overdraft practices have been the subject of numerous lawsuits and regulatory agency administrative enforcement actions.
Financial institutions large and small are under continuing and increasing scrutiny of their overdraft policies and practices. Overdraft practices have been the subject of numerous lawsuits and regulatory agency administrative enforcement actions. And, the CFPB has signaled the likelihood of additional regulatory action regarding overdraft practices. This topic helps the person responsible for a financial institution's overdraft practices understand the Regulation E requirements that apply to ATM and one-time debit transactions, understand regulatory agency guidance for sound overdraft programs, understand overdraft practices that have resulted in litigation or administrative enforcement actions, and develop overdraft practices that help to mitigate the risk of compliance violations or litigation.
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Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Regulation E Opt-in Requirement for One-Time Debit and ATM Transactions
- Basic Rule
- Prohibitions
- Notice
- Duration and Revocation
- Special UDAAP Considerations
Regulatory Agency Developments
- Agency Guidance
- CFPB 2013 White Paper
- CFPB 2014 Report
- CFPB Current Developments
- Administrative Actions
Litigation Trends
- Discussion of Cases
- Common Themes
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Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 29, 2016.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Karl Leslie
Wolters Kluwer Financial Services
- Principal Consultant and Line of Business Lead for Deposit, Tax-Advantaged Accounts, and Anti-Money Laundering at Wolters Kluwer
- Helps create compliance solutions for banks and credit unions in the above areas, including the drafting of deposit disclosures and contract terms that address the requirements of Regulation E (electronic fund transfers), Regulation DD (Truth in Savings), and Regulation CC (funds availability)
- Spoken and written on a variety of topics including changes relating to Regulation E, Regulation CC, and the Check 21 Act
- J.D. degree, Hamline University School of Law; M.B.A. degree, St. Cloud State University; B.S. degree in mathematics, Bemidji State University
- Can be contacted at [email protected]
Kurt Stertz
Wolters Kluwer Financial Services
- Senior attorney for Wolters Kluwer Financial Services
- Deposit account line of business lead for WKFS compliance services
- 28 years of experience in the financial services industry
- Speaker and writer on deposit account issues including overdraft practices
- J.D. degree, University of Minnesota; B.A. degree, in economics, University of St. Thomas
- Can be contacted at 800-397-2341 ext. 1105465 or [email protected]
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Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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