All webinar attendees may receive a Certificate of Attendance. Click here to request yours.
Program Terms and ConditionsImplementing the New Opt-in Overdraft Fee Rules Under Regulation E
Recorded: March 23, 2010
Presenters: Cynthia Traynor
Duration: 1 hour
Price: $249 / $199 for Affiliation members
Have you started implementing changes to address the new Reg E rules?
Are you properly prepared for the mandatory compliance effective date of July 1, 2010? This ruling adopts the opt-in approach for all consumers and requires affirmative consent before any assessment of overdraft fees can be made.
- What does this mean for your organization as you work your way through the labyrinth of details outlined in the 92-page ruling?
- How will you communicate effectively to your account holders, existing and new, to ensure they understand the benefits of the overdraft service and their options regarding the service?
- What about your staff – front-line, technical, operations? Are they prepared to implement the necessary modifications to technically handle the opt in requirement, as well as properly explain your overdraft service to your account holders to facilitate the opt-in requirement?
Key Points to be addressed during the webinar:
- Opt-In Requirement
- Timing
- Content and Form
We'll examine those questions, along with the key points related to the November 12, 2009, Feds final rule under the Electronic Fund Transfer Act (Regulation E) addressing a financial institution’s ability to assess an overdraft fee for paying ATM and one-time debit card transactions.
Are you prepared for the mandatory compliance effective date of July 1, 2010? (August 15, 2010 for accounts opened prior to July 1, 2010).
Continuing Professional Education Credit
Delivery Method: Group Internet-based CPE Credits: 1
Program Level: Overview Prerequisites: None Advance Preparation: None
<!--Registration: To register online, please select the REGISTER box in the upper right or call us at 1.800.477.1772-->
Sheshunoff Consulting + Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.