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Regulation E UPDATE - Clarification Ruling Just Released
Presenter: Cynthia Traynor
Duration: 1 hour
Price: $249 / $199 Affiliation Members
On May 28, 2010, the Federal Reserve issued rules to clarify the final overdraft protection rule under Regulation E. These rules are the ones that address a financial institution’s ability to assess an overdraft fee for paying ATM and one-time debit card transactions.
Join our webinar for a discussion of the topics covered in the clarification rule so that you are certain you will be in compliance by the mandatory date which is approaching fast. Our expert speaker also will provide preliminary insights into how the opt in process is doing to date and what the response results are so far.
We will address these key points:
Clarification Topics- The exception based on policy or practice of declining ATM or one-time debit card transactions based on insufficient funds
- Confirmation requirements and assessment of fees
- Outstanding negative balances and assessment of tiered or sustained overdraft fees
- Updates on content and form of Model Form A-9
- Marketing of opt ins – relationship with Regulation DD and 2005 Joint Guidance on Overdraft Protection Programs
- Most effective communication strategy
- Opt in results
Continuing Professional Education Credit
Delivery Method: Group Internet-based CPE Credits: 1
Program Level: Overview Prerequisites: None Advance Preparation: None
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.