Ensuring Overdraft Program Compliance in 2020 – Regulations
Ensuring Overdraft Program Compliance in 2020 – Regulations and Best Practices
Thursday, August 6, 2020
12:00 – 1:00 pm (Eastern Time)
Overdraft protection programs remain a focus of intense scrutiny by regulators. With heightened oversight of these programs, bank management, marketing and branch personnel must understand what is required to maintain a compliant overdraft protection program.
This compliance webinar will provide a comprehensive review of overdraft protection rules, disclosure obligations, compliance expectations and risk management strategies to assist a wide range of bank personnel who are involved in the first, second or third line of defense for this area.
Join this branch operations training to learn best practices to ensure your overdraft program is compliant and the pitfalls to avoid.
Critical Overdraft Topics Covered:
- FDIC and NCUA overdraft regulations and program guidance
- Regulation E Opt-in Rule
- Disclosure obligations
- Marketing and communications with consumers
- Practices that have the highest risk of UDAAP violations
- Lessons learned from recent enforcement actions and overdraft litigation
- Strategies and best practices to ensure your overdraft program is compliant
- Recommendations to reduce risk and avoid and/or correct identified issues
This banking webinar is designed for:
- Branch Administration
- Deposit Operations
- Senior Management
- Compliance personnel
- Audit personnel
- Those responsible for the development, implementation, maintenance and oversight of your overdraft protection program
Instructor
Dena Somers
Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance.
Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.
Attendance verification for CE credits provided upon request.
Webinar Sponsored by BankersHUB
If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Patti Webb, (614) 610-1877.
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